Posts categorized under: Fraud

Credit Fraud: The Road to Recovery Against Identity Theft

Credit fraud can happen in a variety of ways. With the right information, an identity thief can wreak havoc on your life. The good news is that you can recover from credit fraud and identity theft.

When Jason Lee tried to refinance his home this year, he found out that his credit score was extremely low. He knew something was wrong, as he had always maintained a good score. A quick review of his credit report revealed that he was a victim of identity theft. Identity thieves used his name and Social Security number to open up three lines of credit, which were later charged off due to lack of payment. His good credit was destroyed.

Lee acted quickly, informing police and creditors that he was an identity theft victim. However, he soon found out that clearing his name and credit report would be a long and tedious process. “Someone ...