Seriously, that’s the question Frank Yan is asking today. During Frank’s application for a mortgage home loan, Frank received a copy of his credit report and discovered that in 2005, someone used my name and identity to rack up just over $2K in debt that Frank was not responsible for. So Frank began to investigate who possibly used his identity and phoned the Sacramento police department, filed fraud reports, and tried to figure out how to get things resolved. Apparently it took Frank a very long time, which isn’t what he wanted to hear.
When Frank first discovered this fraud took place, Frank was highly so upset. Someone out there has a lot of personal information about him and can use that to gain credit in his name.
Frank had more phone calls to make during that time to clear his name for the debt that was incurred by someone else. He needed to go downtown to the Sacramento police station with everything that proves who Frank Yan was.
As this mess whirled around him, Frank really wanted to just felt going to find the person that stole his identity. Frank didn’t blow all this all out of proportion. It could have been a lot worse for him. And fortunately he found out it did happen, otherwise he might have not known for a very long time.
Make sure you keep your identity safe. Frank thought he was being careful, shredding all his important financial information, forwarding mail when he moved, etc. The Sacramento police figured that someone stole Frank’s social number off a credit application or something as there was no document that was actually stolen from him. Today, Frank has protected his credit as he had experienced identity theft once. It’s important that we all monitor our credit on a 6 months basis, as our credit scores are our life line to securing credit lines for real estate mortgage loans, car loans, education loans, and even applying for a mobile phone. By protecting your credit, this will prevent any fraud if someone trys to use it.
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