Negotiate Creditors When You’re An Identity Theft Victim

Identity theft, identity fraud, identity crisis (no… that’s something else).

What they talk about here on IdentityTheftSecrets is when someone assumes your identity.

Consider this post a simple reminder.

  • Identity Theft is a big problem.
  • Identity theft is NOT going away.
  • And Identity theft can be hugely detrimental to your financial picture.
  • It can create problems that may take you years to clear up.

And if you already are a victim of identity theft, you should know that there are ways to negotiate creditors to get rates reduced.

But let’s get back to the basics first.  You need to be aware of what’s going on with your credit report, and who’s applying for credit in your name.

Look for the tips all over Identity Theft Secrets about how to do that.

Here’s one tip I haven’t seen on this site: If you are getting credit cards in the mail without even applying for them, you may be a victim of identity theft.

If your identity has been stolen, you may get calls from your creditors.

These calls will likely be about payments on items that you know you have never purchased.

Other things that can happen are:

  • Your existing credit card interest rates suddenly increase
  • You receive packages for things you never bought, etc.
  • You stop receiving credit card bills

But if you’re not receiving credit card bills, it can mean that your address has been changed.

Someone else may have used your account, and switched the address somewhere that they can get your mail.

So you know all of that.

This is just a friendly reminder… if you haven’t looked at your credit report recently, or if funny things start happening surrounding your credit cards or loans, PLEASE make sure you look into it right away.

An ounce of prevention is worth a pound of cure, and a stitch in time, saves nine.

Nowhere is this more true than when it comes to Identity Theft.