We misplace things all the time. From the television remote to our car keys, things are constantly being moved and temporarily forgotten. When you make a mistake like this, the worst case scenario is usually a few minutes of frustration. When you accidentally leave your wallet on the table in a favorite restaurant or it slips from your pocket unnoticed, however, the situation can be dire. Identity theft is rampant in today’s world, and a lost wallet can provide everything a thief needs to turn your excellent credit into bad credit.
Now, if you are one of the many people wondering, ìSomeone stole my wallet, how do I fix my credit score, then this article is for you. The process isn’t nearly as complex as you may think, and you certainly do not need to spend hundreds of dollars hiring a credit repair service. Instead, obtaining simple credit repair software can be all that you need to do. With this software, you can obtain a free credit report and look for any and all items that were added due to the purchases and transactions made by your identity thief.
Once you have this information, you can start contacting your creditors. Using a simple letter and mailing it through the postal service so that you have accurate records of all disputes, you can send a letter explaining each transaction and why it is not your responsibility. Your credit report must be an accurate reflection of your debts, both positive and negative. If the creditor is unable to give verifiable proof that a debt is yours and that it is valid, the item must be removed from your credit report promptly.
Monitoring your credit is crucial in today’s world. Just because a good Samaritan returns your wallet does not mean that someone did not take the information needed to use your name to get false credit. Fixing credit problems can be easy, but you have to know that they are there. Don’t wait until you are applying for a mortgage or a job to look at your credit report, when knowing what transactions are made in your name is so important. Your credit is your lifeline to funding, loans, and other major transactions as well as a part of many job background checks. Know what is on your credit before it causes problems for your life.