In my experience, identity theft can cost individuals thousands of dollars and many hours of their time trying to fix the damage to their credit reports. Often times, identity thieves will take out credit cards and payday loans in the victim's name, purchase vehicles, empty bank accounts, and even steal their tax refunds. A victim can be left broke, owing dozens of creditors, thousands of dollars for debts they did not incur.
If you have been the victim of identity theft, the first thing to do is to alert all your creditors and the credit reporting agencies that you have been a victim of identity theft. They need to protect your accounts from further damage and try to sort out which debts are fraudulent.
Second, you need to file a police report. Even if the police are never able to find the identity thief, making a police record of the crime will help you to clear up the damage. Make sure you get a copy from the police.
Third, call Croke & Croke, S.C. at (414) 539-6184! For many people, filing Chapter 7 Bankruptcy or Chapter 13 Bankruptcy is the best way to deal with the debts created by identity thieves. Chapter 7 Bankruptcy and Chapter 13 Bankruptcy may allow you to discharge the fraudulent debts, protect yourself from further damage, and allow you to begin to repair your credit.
Don't stay a victim. Allow Croke & Croke, S.C. to help you put your life back together! Contact us, here.
For updated statistics, click here to see the 2014 report by the ID Theft Center.