How To Fix Your Credit Report After Identity Theft?
Identity theft is now very common yet most people are hardly aware that they have been
victimized by it. Identity theft should be dealt with as soon as possible in order to avoid further
damages that may cause major problems in your credit. If left unnoticed, the damages can be
hard to clean up and are sometimes irreparable. Here are identity theft tips that you should
know about to avoid being a victim or credit fraud.
The first thing to do in order to find out if you are under an identity theft spell is to do a credit
check. Check credit reports and inspect every detail, list down all of the errors as well. It has
been reckoned that 75% of reports contain at least 1 error so be sure to check everything out,
especially the details on your personal information. As soon as you have listed the errors down,
you can follow these steps to either file a letter of dispute, or to complain about the errors one
by one (this will keep the CRA from missing out on disputed items and from denying your
1. Filing a dispute online is possible, but the best way to do is to write it personally and to send it
through mail. Write down the reason of your complaint and attach a copy of your credit report
(highlight the errors) to your letter. You can also attach supporting documents to back up your
complaint, keep your letter brief yet concise. If you have been a victim of identity theft, you
should include a copy of the police report that you filed.
2. Keep in mind that if you are filing for identity theft, you have to track everything so it would be
best to send it through certified mail to get a tracking number with your letter. Keep the original
copies of the documents and just send copies to serve as proof. Track everything; keep notes
and other electronic connections at all times.
3. As soon as you begin the process of disputing, you should immediately contact different
financial institutions to inform them about the situation. You should also send them a letter that
is similar to the one you sent to the CRA, it should also contain the documents in regards to
Filing a dispute requires patience and you should give the CRA 30 days to process everything.
Be advised that there is a possibility for your file to be overlooked which is why it is
recommended to do follow ups and to be firm in order to get everything processed but don’t let
that discourage you. While waiting, you should keep a record of everything should you finds
receipts of items or any supporting documents. Keep a journal of conversations, the people you
talk to or even a call log along with other important personal information.
Joy is an active blogger who shares extremely interesting finance management tips over the
web that encourages people to manage their personal finances & to check credit score
regularly. Know more on how you can protect yourself against identity thieves.