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How Long Can The Effects Of Identity Theft Last?
It's difficult to predict how long the effects of identity
theft may linger. That's because it depends on many
factors including the type of theft, whether the thief
sold or passed your information on to other thieves,
whether the thief is caught, and problems related to
correcting your credit report.
You may not need an Identity Theft Report if the thief made charges on an existing
account and you have been able to work with the company to resolve the dispute.
Where an identity thief has opened new accounts in your name, or where fraudulent
charges have been reported to the consumer reporting agencies, you should obtain
an Identity Theft Report so that you can take advantage of the protections you are
entitled to.You may not need an Identity Theft Report if the thief made charges on an
existing account and you have been able to work with the company to resolve the
dispute. Where an identity thief has opened new accounts in your name, or where
fraudulent charges have been reported to the consumer reporting agencies, you
should obtain an Identity Theft Report so that you can take advantage of the
protections you are entitled to.
Victims of identity theft should monitor financial records for several months after they
discover the crime. Victims should review their credit reports once every three months
in the first year of the theft, and once a year thereafter. Stay alert for other signs of
identity theft.
Don't delay in correcting your records and contacting all companies that opened
fraudulent accounts. Make the initial contact by phone, even though you will normally
need to follow up in writing. The longer the inaccurate information goes uncorrected,
the longer it will take to resolve the problem.
Next: What Can You Do To Help Fight Identity Theft?
Back to: Identity Theft Overview
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