Current studies show that ID Theft is at epidemic proportions. The Federal Trade Commission surveys estimated that there are close to 9.9 million victims and growing by 2 to 3 million a year.For individuals that are not victims of identity theft, the best thing you can do is check your credit report regularly, focusing on two categories.* Inquiries from unfamiliar companies. Here we are talking about someone applying for something in your name in a state that you don’t live in. Remember inquiries are the result of you applying for credit.* Unfamiliar Accounts (tradelines). Are there debts or new credit listed on your credit report that you are not familiar with?There are 3 major Bureaus that provide services to monitor your credit report. These services give e-mails to you promptly if there are any changes to your report.What to Do if ID Theft happens to you.You want to keep a detailed log of events as you start the dispute process. You do this in case you run into problems with a creditor. The first step obviously is contact the 3 credit bureaus, local police, creditors, etc…… You keep detailed conversations logs with any of these entities you communicate with. […]

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