Nathan DeLadurantey: Signs Of Identity Theft In Credit Reports

Identity theft is a serious crime in Wisconsin and the entire country, and it’s important to know the signs of identity theft in your credit reports. Identity thieves can use your information to open new accounts in your name and make fraudulent purchases or withdrawals.

For that, Nathan DeLadurantey believes that you can protect yourself by familiarizing yourself with the ways an identity thief may try to take advantage of you—and then monitoring your accounts regularly so that if any suspicious activity occurs, you’ll be able to stop it before it goes too far.

Credit Or Financial Accounts You Don’t Recognize

If you can’t remember applying for the bank or any financial account, it is likely fraudulent. If you don’t recognize the name on the account, it is likely fraudulent. If you don’t recognize the address on your credit report as being where you live (or lived), it’s probably a fraud account.

If a certain account has been opened in your name without your authorization, that’s probably identity theft, and it could be one of many signs that someone has stolen your identity and opened up accounts in your name without permission or knowledge.

New Inquiries On Your Banking Accounts

Nathan DeLadurantey Inquiries are a common occurrence on credit reports because they’re used by lenders to assess your creditworthiness, so it’s important to understand what they mean and how they affect your score. Inquiries stay on your report for two years from when they were made, so that time period is an important factor in determining whether an inquiry has been made recently or not.

Banking Accounts That Have Been Closed Or Canceled

Lastly, if you have closed an account and it appears to have been reopened, this could be evidence of identity theft. A creditor may reopen your account if they mistakenly closed it in error or if they’re trying to collect on the debt. If a creditor closes an account but then opens another one with the same name, this could also be evidence of identity theft.