Someone is trying to take out loans in your name. What should you do?!

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The moment I read the email, my heart started beating out of my chest and my stomach sank.

Someone was trying to take out loans in my name.

My mind raced. Even though I’ve worked with a credit repair agency for years now and have written countless blogs and articles about credit, it was hard to think clearly.

But there it was, a rejection email (thankfully) from some lender I’ve never heard of.

Apparently, someone submitted a loan application in my name and using my info and was even trying to access my email account so they could verify and go forward with the loan.

Surely, there would be others. Or, had they taken out loans and wiped out my bank accounts already?

I tried to remember what to do in such a situation.

Who did I call first? The lender? The credit bureaus? Should I change my email password? I rushed online to check my bank accounts to make sure all of my information hadn’t been stolen and my accounts cleaned out, but was that even safe?

Not sure where to turn or what to do first, my shaking fingers dialed Jeff Sipes of Blue Water Credit, my old friend and boss. Thankfully, he answered, and calmly and clearly walked me through my best options and what to do next. Hanging up, I followed his instructions and within twenty minutes, felt assured that my credit, identity, and financial means we’re locked tight.

“Call me when you’re ready so we can go over your credit reports and accounts together,” Jeff offered, “and make sure everything looks right and is safe.”

Thank goodness I had Blue Water Credit to help me. And the good news is, you have the same access to Jeff Sipes and Blue Water Credit when you need help!

Each year, hundreds of millions of Americans see their sensitive financial information compromised in data leaks, hacks, and outright fraud. Tens of millions of identities will be stolen, and cases of financial fraud will outnumber people in the U.S. this year. The situation is getting exponentially worse each year – not better – so consumers really need to be prepared.

The implications are huge. Each case of financial fraud can devastate your credit, stop you from taking out the mortgage and loans your family needs, and even wipe out your bank accounts.

Cleaning up your good name and getting your credit reports clear of identity theft and fraud can be a long, difficult, and sometimes even expensive process (unless you use Blue Water Credit, truthfully!).

  1. Contact the credit bureaus and tell them you think there’s been fraud or ID theft.

Equifax Fraud Department
Call 1-800-525-6285

Experian Fraud Department
Call 1-888-397-3742

TransUnion Fraud Department
Call 1-800-680-7289

  1. You may want to even put a Credit Freeze on your accounts, which I did.
  2. You’re entitled to a free credit report, which you should review carefully to make sure there are no new accounts or even false inquiries.
  3. If you see evidence of wrongdoing or fraud, file a police report.
  4. Educate yourself about credit, reporting, and how to combat fraud, so you’ll understand what to do and where to turn before anything happens.
  5. Keep passwords safe, change them often, and follow best practices for logging into public networks, sharing Wi-Fi, etc.
  6. Have a dos and don’ts list for the family and go over basic security and how to keep your finances and credit safe from time to time.
  7. Verify all emails – don’t ever go to the links they send you to login.
  8. Don’t trust mail – again, verify by calling your bank, lender, card, or credit bureau at the number you KNOW is correct.
  9. Call Blue Water Credit – they can help instruct you what to do if something goes wrong, how to keep your credit and finances safe, and how to repair or clean up your credit.

Blue Water Credit is the industry leader in legal and ethical credit repair, focusing on educating and empowering consumers for a better financial future.

Blue Water Credit is always ready to help – as they did me, so contact them here with any needs or questions!




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