Checking Your Credit Report To Investigate Identity Theft

If you have just been denied credit by a lender, you should immediately check your personal credit report to make sure that unauthorized charges are not the reason why your application did not get approved. Also, if you recently received a call from a lender or a credit card Issuer informing you about past due charges that you do not know about, there is a possibility that you have been a victim of Identity theft. What should you do?

Protect Yourself from ID Theft

One way to make sure that no one is opening new accounts under your name or using your account for unauthorized transactions is to check your credit report at least twice a year.

Under The Fair Credit Report Act , all consumers are entitled to one credit report for free each year. To claim your credit report score, visit www.annualcreditreport.com- a website supported by three major credit bureaus Equifax, Experian, Trans Union.

Your credit report contains all information about your accounts be it a credit card account, personal loan, car loan, mortgage, etc. It shows the type of credit you have, the amount of debt you owe, the payment you’ve made, etc.

Aside from your payment history, your report also contains basic information about you such as your full name, residence, employment history, Social Security Number, etc. Another section will reveal all the companies that inquired your report. The last part of your report should empty unless you have a record of bankruptcy, alimony, tax liens, etc.

Your Free Credit Repair Guide

Your credit report contains all information about your accounts be it a credit card account, personal loan, car loan, mortgage, etc. It shows the type of credit you have, the amount of debt you owe, the payment you’ve made, etc.

Aside from your payment history, your report also contains basic information about you such as your full name, residence, employment history, Social Security Number, etc. Another section will reveal all the companies that inquired your report. The last part of your report should empty unless you have a record of bankruptcy, alimony, tax liens, etc.

Check every detail in your credit report. If you find unauthorized charges, call the creditor involved to dispute the charges. The next step is to send a dispute letter to the bureau that issued your report. Point out the charges in question and enclose copies of documents that support your claim. Send your letter via registered mail to ensure that it will not be lost along the way.

Upon receiving your dispute letter, the credit bureau must immediately begin an investigation regarding your complaint. You may need to wait up to 30 days before the matter can be corrected. Once your dispute has been proven, the bureau will send you an updated copy of your report for free. On the other hand, if you do not receive any response from the bureau within 15 days after submitting your dispute letter, you must send a follow-up letter, reminding them of their duty to respond to a customer dispute.

 

About the Author:

Suzy Vanstrusen is a credit analyst and a writer on the website EZCreditRepairSolutions.com. She has been providing consumers with tips and wise information about credit repair as well as helping you out more with your bad credit loans.  Copyright © 2010
 

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