How to Repair Identity Theft Credit Damage

Identity theft is a serious problem, and needs to be understood. There are some important things to know and do if you even suspect identity theft.

Difficulty: Moderate

Instructions

Things You'll Need:

• Vigilance
• Discipline
• Patience

1. Vigilance:
   Identity theft, so we're told by news stories, happens when the identity thieves find information; from a variety of sources.
   o Dumpster-diving: Going through discarded paper mail.
   o Skimming: Using small credit card scanning devices.
   o Phishing: E-mails and online popups requesting personal information.
   o Telephone scams: Calls seeking so-called verification of personal data.
   o Scamming websites: There are many of these, and they come in all flavors and all types. Unfortunately, they are often difficult to identify as scams, but the more online experience you get, the more you will know how to tell. And, there are some browser tools available that are designed to help you avoid scam sites.

2. Discipline:
   It is imperative that we take personal responsibility for protecting ourselves against identity theft by practicing a few simple steps toward maintaining privacy.
   o Shred, burn or otherwise destroy any mail you discard with any type of personal information contained in it or on it, including your name, address, telephone numbers, email, account numbers, social security numbers, etc. Do not discard in regular trash unless fully shredded.
   o Cut up or otherwise destroy all non-used credit cards, debit cards, club cards, or other similar items. Discard by dispersing the cut pieces among several trash containers throughout the house, and try not to include all those containers in the same weekly trash pickup.
   o Be alert each time a store clerk takes your credit or debit or other cards; some identity theft is done with hand-held card scanners that store your personal information for later identity theft use.
   o If credit, debit or other cards are lost or stolen, immediately notify your bank or other financial institution, and the credit card company, as well as the police.
   o Do not provide personal information in e-mails or telephone conversations.
   o Use care when shopping at online stores. Be sure the site is secure and safe. It might help to research the site first.

3. Federal Law requires procedures designed to ease identity theft victims' stress and undue harassment. Consumers are protected from bill-collector harassment; such as when they ask for money that is being investigated due to alleged identity theft.
   
   The Fair Credit Reporting Act requires banks and credit bureaus to assume responsibility for correcting a customer's credit record damaged resulting from identity theft.

4. What YOU need to do if you suspect identity theft:
   It is up to you to take the first steps if you suspect identity theft.
   
   Citibank suggests the following steps be followed immediately:
   o Call the credit reporting bureau and bank or credit card company. Let them know why you suspect identity theft.
   o Send a return-receipt-requested, registered letter to these entities for phone-call follow up.
   o Make copies of all papers relating to your reasons for suspicion of identity theft. Include these copies in your letters. Maintain originals in your possession.
   Refer also to the links below.

Tips & Warnings

• Keep abreast of news alerts regarding identity theft
• Know your credit information: Federal Laws provide for annual free reports. Click on link below.
• Protect your identity...it's the only one you get!
• Stop, Look, Listen...good advice for crossing the street, and for guarding against identity theft as well.

Resources

• Federal Trade Commission
• Citibank

[w1z111]

on 4/14/2009 Hi wvisel...and thanks for the links, tips and contact info. Good information!