Identity theft is a terrifying reality that many people face. The people who steal it can use it for all sorts of illegal activity, which would come down to your name. During the initial period, individuals had just one method of assuming someone else’s identity without permission.

Things appear to have become more intricate with the arrival of the internet. If your identity is stolen inadvertently, it is vital to take swift action by implementing the following measures.

Step 1 – Contact Your Bank or Credit Company

The highest chances are that somebody has stolen your identity so that they can get some quick cash from it. They may also want to engage in other illegal activities. The way to protect your finances is to shut your credit card from the base.

Ensure to note down the date, time, and the person’s identity when communicating with these enterprises to utilize it in the future. You should also keep in touch with them frequently. It’s essential to remember your account number so that they can maintain an ID on your account.

Step 2 – File A Report With The Federal Trade Commission

In case you suspect being a victim of identity theft, you can search for additional proof of being targeted with this crime. The whole process is one that you must begin by filing a report with the FTC. A complete and detailed explanation of the incident is necessary to file the report.

Step 3 – Add A Fraud Alert To All Your Credit Reports

Adding a warning of fraudulent activity on all credit reports can be achieved by reaching out to the credit bureau. This step is easy and free. It will have the business verify you twice regarding your identity so that you don’t have to incur any further losses.

Step 4 – Notify The Law Enforcement

Maintaining communication with law enforcement is the most secure method to report identity theft and gather evidence to verify your identity. The FTC suggests that supplementing your report with the police can help validate your claims and ensure that you are following the correct procedures.

Step 5 – Negotiate Any Fraudulent Information

If you feel that there is some specific data on your credit reports that you haven’t given, it is advisable to approach your credit union and take up the matter with them. It will notify them that your identity has been compromised and enable you to reduce any harm to your credit rating.

Final Thoughts

These are the most immediate steps you can take when someone steals your identity. Install security apps on your phone and laptop to reduce the risk of identity theft if your identity has been stolen through digital channels. It would help if you remained vigilant whenever you handed out personal information.