The numerous instances of data breaches help us understand how our information gets exposed to outsiders. These instances don’t always involve incidents depicting stolen identity. State rules governing identity theft can vary but these instances mostly involve manipulating an individual’s information for financial gain. You must take stern action when you spot any fraudulent charges against any of your credit cards or when someone else tries to open a new account with your name.
While it is scary and overwhelming when you realize you have become a victim, following the below steps is critical to minimize and damage done to your credit.
4 Steps To Follow While Experiencing Identity Theft
#1. Get Your Account Blocked
While checking out a few financial resources, you might find a few easier means to track instances of identity theft. The very first red flag that you see is the occurrence of unauthorized transactions involving a financial account. Such transactions may be identified while checking an account statement or when your bank gets in touch with you. [Continue reading]