How to Avoid and Recover From Credit Fraud

We hear it on the news, we hear it from our friends, we see it on the Internet, identify theft and credit fraud.  Don’t be a victim yourself, do what you can to protect and education yourself against them both.  Don’t have your credit ruined only to have to apply for personal bad credit loans later on down the road.

How do we go about protecting ourselves from these scam artists.  Avoid having financial problems and applying for bad credit unsecured loans that we don’t want in the future?  Yes, I said bad credit, these scammers can ruin your credit tremendously.

Here are a few ways to help avoid and fight against credit fraud:

1.  Monitor.  Check track of your personal credit report.  By keeping track of your credit history you are able to catch any fraudulent activity quickly and nip it in the butt.  Is it difficult to do this?  No!  Contact or hire a credit agency to contact the three (3) credit reporting bureaus and get a copy.  Once a year you are entitled to receive one free copy from all of these agencies.  Plenty of opportunities to keep track and check your credit reports.

2.  Damage Control.  What if they did rip you off?  What if there is fraudulent activity from scam artists on your report?  Send a form letter to each of the credit bureaus to explain your situation, in detail.  They will have to validate the claim and run an investigation, but this is imperative to do, so let them.

3.  Education.  Read about what is going on.  Know that you have the right to research and find out what could be on your personal credit reports that are fraudulent and how to go about fixing them.  Knowledge is the best information and education you can provide yourself against these scheming scam artists.

Always remain cautious, taking preventive measures to stop this from happening from you.

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