According to the Federal Trade Commission, there are almost 10 million identity theft victims annually in the United States with combined losses over $5 billion. In addition to the financial loss, substantial time and energy is required of the victims to correct a multitude of problems arising from the misuse of their personal information.
Following are some tips for victims of identity theft:
- Place a fraud alert on your credit cards
- File a police report
- Notify your financial institution to modify account information
- Contact creditors to advise them of the situation
- File a complaint with the Federal Trade Commission
An Identity Theft Affidavit is now available for use in disputing fraudulent debt. In many cases, the affidavit allows a victim to avoid filling out numerous forms, as it is accepted by several companies. Before a victim sends the completed affidavit to a company, they should check with the company to make sure it is acceptable.
Detailed information on the immediate action tips for victims and the identity theft affidavit can be obtained at 1-877-FTC-HELP or their website www.consumer.gov/idtheft IMG offers identity fraud endorsements with your homeowners policy. Usually the endorsment provides $15,000 coverage for a nominal premium charge, usually around $25.
Call our office for more information.