Identity Theft Recovery: A Step-by-Step Guide

Act Quickly

Identity theft can happen to anyone. The faster you act, the more you can limit the damage.

Step 1: Contact the Fraud Departments

Call the fraud department of each company where you know fraud occurred. Ask them to close or freeze the affected accounts.

Step 2: Place a Fraud Alert

Contact one of the three credit bureaus (Equifax, Experian, or TransUnion) to place a fraud alert on your credit report. The bureau you contact must notify the other two.

Step 3: Get Your Credit Reports

Request your free credit reports and review them for accounts or charges you don't recognize.

Step 4: Report to the FTC

File a report with the Federal Trade Commission at IdentityTheft.gov or call 1-877-438-4338. The FTC will create a recovery plan for you.

Step 5: File a Police Report

File a report with your local police department. Bring your FTC complaint, proof of identity, and any evidence of the theft.

Step 6: Consider a Credit Freeze

A credit freeze restricts access to your credit report, making it harder for identity thieves to open new accounts in your name. It's free and can be lifted when you need to apply for credit.

Step 7: Close Fraudulent Accounts

Close any accounts that were opened fraudulently. Get confirmation in writing that the accounts have been closed and that you're not responsible for the charges.

Key Takeaway

Identity theft recovery takes time, but following these steps systematically can help you restore your identity and protect your credit. Keep detailed records of every action you take.