Don’t Let an Ex Steal Your Good Credit |
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by: Janna Weiss
If you share credit card accounts with a spouse, things can get sticky following a divorce. But what if your ex is opening up credit accounts in your name? It’s been known to happen. Here are five simple ways to protect your good credit following a divorce.
Check Your Credit Report
This is the first step you must take. By checking your credit report, you will be able to see how many lines of credit you have in your name, as well as any late or missed payments. You will also have access to the names of the credit companies, as well as the account numbers, involved. Keep a copy of your credit report on hand, because you’ll need this information if you want to file a fraud report. You can get a free copy of your credit report at www.annualcreditreport.com.
Contact the Creditors
You’ll need to request copies of the original credit applications that were made in your name. These will be key evidence; you’ll need them in order to prove that you didn’t make the applications yourself.
Contact the Police
Get in touch with your local police department and file an identity theft report. Be prepared to provide evidence and information as requested.
File Fraud Reports with the Creditors
Contact the creditors and let them know that you did not apply for credit or make purchases. Some creditors will freeze the accounts and await the outcome of your identity theft investigation. Others might demand that you make payments anyway. If a customer service rep tries to force you to pay, simply ignore them or ask to speak to their manager.
Place a Fraud Alert on Your Credit Report
Contact all of the major credit bureaus – TransUnion, Equifax, and Experian – and let them know your identity has been compromised and an investigation is ongoing. They will place a fraud alert which prevents anyone from opening a line of credit in your name without your approval. The approval will be obtained by calling you at a phone number you provide.
Divorce takes a heavy toll on everyone involved. Don’t let your good credit become another casualty. Be proactive and protect your credit score!
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