Consumer Payment Card News

ID Theft Form

The #1 consumer fraud complaint received by the Federal Trade Commission is identity theft and it is one of the most frustrating experiences for Americans. This week the FTC unveiled a new form that simplifies the process of notifying companies that your good name has been ripped off. Previously, victims of identity theft often had to fill out a separate reporting form for each fraudulent account opened by the identity thief. Developed by the FTC in conjunction with banks, credit grantors and consumer advocates, the new ‘ID Theft Affidavit’ is accepted by participating credit issuers, retailers, banks, and other financial institutions. If you find that you’re a victim of ID theft, the FTC urges you to: Contact the fraud departments of each of the three major credit bureaus and report the theft. Ask that a “fraud alert” be placed on your file and that no new credit be granted without your approval. Equifax: 1.800.525.6285 Experian: 1.888.397.3742 Trans Union: 1.800.680.7289 For any accounts that have been fraudulently accessed or opened, contact the security department of the appropriate creditor or financial institution. Close these accounts. Put passwords (not your mother’s maiden name or Social Security number) on any new accounts you open. File a report with local police or the police where the identity theft took place. Get the report number or a copy of the report in case the bank, credit card company or others need proof of the crime later. Call the ID Theft Clearinghouse toll-free at 1.877.ID.THEFT (1.877.438.4338) to report the theft. For a copy of the ID Theft Affidavit, log on to http://www.consumer.gov/idtheft/affidavit.htm

Leave A Reply