Suspicious Activity on Credit Reports

Your credit score influences the type of loans you are approved for, your interest rates and your financial reputation. Fraudulent charges on your credit report can damage your score. Being vigilant in monitoring your credit can protect you.

Signs

Examples of suspicious activity on your credit report include incorrect or counterfeit names, jobs, Social Security numbers or accounts you did not personally open. Detecting this activity is imperative when protecting your identity.

Monitoring

You are able to monitor your credit by receiving a copy of your credit report. The law states that you are entitled to a free copy once a year from each of the main United States consumer reporting agencies.

Solution

In order to protect your identity, it's important to have counterfeit information taken off. You'll have to send a letter and police report (called an Identity Theft Report) to the major consumer reporting agencies. They will block counterfeit information from appearing on your credit report.