Continued Post: Steps 4-7
4. Check the public records information. This section contains information from government agencies such as the federal district bankruptcy filings, state and county court records, judgments, tax liens, collections and even overdue child support in some states for the past seven years. If any information has been altered, added or deleted without your knowledge and consent, someone may have accessed your information. Consider contacting the government agency concerned to get full details on what has gone on.
5. Check the inquiries section. This contains a list of creditors who requested a copy of your credit report within the past two years. Credit inquiries are part of standard background checks that lenders do prior to the approval of a credit request. If you notice that there have been requests from companies that you’ve never heard of or you don’t seek to do business with, this could be a cause for concern.
Having mysterious inquiries suggests that there has been someone who’s been trying to apply for loans or credit cards using your name. If you see something like this, consider seeking assistance immediately.
6. Place a fraud alert on your credit report. By doing this, lenders will have to call you to verify your identity before they issue you a new loan or credit card. This gives lenders a hint that they have to completely verify your identity before they take positive action on any requests made under your name.
7. Consider identity theft protection services. To make sure you’re always on top of your credit status and identity, you can sign up with an identity theft protection service (such as PrivacyGuard or others). One of the powerful features of this type of service is the daily scanning of your credit reports. Whenever a new account is opened, you’ll be alerted. If the account’s creation is unauthorized, you can request for its quick shutdown before any financial damage is incurred.
All in all, not all lending companies report your credit information to all three credit bureaus. Some report only to one. It’s normal if your credit report slightly differs from one credit bureau to another. Consider devoting some time to reviewing your credit reports. This could save you money, time and trouble in the long run.