Property Manager MA: How to repair your credit after Identity Theft
Identity theft is a huge problem for consumers because it leads to the usage of the victim’s identity for credit card and bank fraud. Sometimes victims don’t find about it for a long time and that is when it tends to be too late. Fortunately there are ways of repairing your credit history if you fall victim to it. These are the ways you can improve your credit history.
Know Your Credit
It helps to be alert and to take care of your credit history before your mortgage lender tells you about it. Get your credit report so that you can assess the damage. It won’t cost you anything to get your credit report from AnnualCreditReport.com, which compiles the information from Equifax, Experian and TransUnion. Once you see what you haven’t authorized, you make note that. After that you can report it to the credit agencies so that they can take action.
Report Errors or Theft
You need to write to them and provide them documentation to prove that they have made an error. The agencies will investigate on their own and make the changes required. It will take around 30 days but they will come to a conclusion and update your credit report. Do note that this is in case there is an error in your report and not because someone misused it. In the event that you were the victim of identity theft, you can call the agencies and let them know so that they can place a fraud alert.
Property Manager MA: Contact Your Credit Card Company
The other method is to contact your credit card company. It shouldn’t be a problem if the credit theft was not so extensive. In the event that you lost a lot of credit, you can always ask them to increase your limit or cut down on your usage. It helps to pay as much as you can even if it is in small increments. This will help you to take care of your credit history and save it from being ruined.
Monitor Your Credit
Once you feel that your credit history is better, don’t just sit back and relax. It is important for you to keep monitoring it so that you do not fall victim again. There are services available which allow you to monitor your credit and save you from the hassle again.
We hope you liked our guide “Property Manager MA: How to repair your credit after Identity Theft” .