How to Remove Fraudulent Accounts from Your Credit Report

Identity thieves may open new credit card accounts in your name if they have access to your personal information like your Social Security number, name and address. We all know it can be extremely frightening and frustrating when criminals commit this kind of identity theft, especially when they open up numerous credit card accounts and max them out thus, committing identity theft and credit card fraud. These imposters typically open new bank and credit accounts, utility and telephone accounts, obtain personal, student, business, and auto loans, as well as make other big credit purchases using stolen information.


img-3
img-4When the identity thief don’t pay these bills, lenders or creditors will come after you and make you clean up the mess the thief has done. Unfortunately, the credit bureaus rely on you, the consumer to do most of the work to PROVE that you didn’t open these accounts.  If not done correctly and immediately, your credit score will suffer. Removing fraudulently opened accounts can be a long and drawn out process.  Use the steps below to help get your credit back in shape as quickly as possible.

 

Steps to Removing Fraudulent Accounts from Your Credit Report

First thing you should do is get a copy of all 3 of your credit reports.  Make a list of accounts you don’t recognize. Next you should call the creditor immediately and let them know that the account is fraud.     You should also keep a record of your conversations’ details as well as copies of all correspondence.

Close the Account Immediately

While you have them on the phone, request that they close the account immediately.  If you decide to correspond via mail, you should make sure you have the address to the fraud department and not the PO box for where they take payments.  Use the number from the website of the credit card issuer – not one you received via phone call or unsolicited email. Let the issuer of the credit card know that the account doesn’t belong to you. Be prepared since the issuer of the credit card may ask for more proof such as identity theft affidavit or a police report.

You’re Not Liable for Fraudulent Card Charges

Bear in mind that you are not responsible for any of these unauthorized charges. If someone used your name to open a credit card amount without your knowledge, you are not responsible for any charge made on that credit card.

However, you need to report the credit card fraud right away the moment you found out this unfortunate happening and provide any proof available as per credit card issuer’s requests.
Keep in mind its not as easy as just saying this account is fraud and they remove it from your credit report.  The credit issuer will want you to PROVE it.  Sometimes these ID thieves rack up THOUSANDS of dollars of debt in your name.  The credit issuer doesn’t want to just write off this debt without first making sure it really wasn’t you.

[thrive_leads id=’10139′]

Secure an ID Theft Affidavit and File a Police Report

While the form is voluntary, it can help you remove fraudulent accounts from your credit report much faster. The ID Theft affidavit can help your local police with their police report.   You should also place a fraud alert on your credit report.  It’s much easier to do this.   All 3 credit reporting agencies have fraud alert numbers – please keep in mind the credit reporting agencies frequently change these numbers, but at the time of this publication the numbers are:

TransUnion
1-800-680-7289
Experian
1-888-397-3742
Equifax
1-888-766-0008

A fraud alert will stay on your credit report for 90 days and can be renewed.  Placing a fraud alert on your credit report will help stop the ID thieves from obtaining more credit under your name.

If you know the person behind the fraudulent accounts, you can have him or her prosecuted. But, even if you can’t tell who opened up the account, you should still file a police report. It will be very important in getting the fraudulent accounts closed and eliminated from your credit report.

img-5

Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

13 Comments
  1. Reply img-9
    Robin Masshole Mommy December 21, 2016 at 2:42 am

    This is really helpful information for people who are in the process of cleaning out their credit report. Thanks for making it easy.

  2. Identity Theft is horrible and it seems to be growing daily. Thankfully, I haven’t had this happen, but I do keep a close eye on my accounts. Recently, a worker at a fast food restaurant stole my daughter’s debit card number when she went through the drive through. The girl used the account several times before my daughter caught it. She was fired and now works at another fast food place and will probably continue to steal credit card/debit card numbers.

  3. Thank you for the advice. It does seem that it is peak season for fraud. Sometimes, things get crazy around the holidays and we can get careless and leave traces that hackers/identity thieves can follow. I hate to know of this happening to me or to anyone else for that matter. It is good that there are ways to help us immediately address the issue of fraudulent purchases on our credit cards.

  4. This is great info. I have not personally experienced fraud on my credit report, but it is becoming so common. Thank for letting me know how to protect myself.

  5. With technology so advanced these days, it seems that identity theft is at an all-time high. I’ve been a victim three or four times myself. These are excellent tips, especially during the holiday season.

  6. This is a great informative post. It’s a hassle to have to deal with other people taking such privilege as to stealing an identity. But it’s good to know it can eventually be fixed up.

  7. I have luckily never had this happen. I have had someone else’s accounts show up on my credit report and had to have those removed, which was a fairly easy process.

  8. These are great tips. I just recently signed up for a service to watch my report. I was stunned to see older accounts showing up after so many years.

  9. Thanks for these great tips. Keeping your credit report in good condition is important and no one wants fraudulent information messing with their credit.

  10. This is really great information. I had always wondered how to do this if I ran into this problem on my credit report.

  11. This is great information. I recently had my debit card information hacked and someone was making purchases from my account. The bank gave me my money back but I haven’t thought to check my credit accounts.

  12. These are great tips! It’s so scary what can happen in todays times – making sure you’re 100% safe when it comes to your credit is so important!

  13. This is a great advice. I always close accounts that I think we won’t be using anymore.

Leave a reply

NHBS Inc © 2024

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

Business Loans

Consumer Loans

New Horizon
Logo
Enable registration in settings - general