Identity theft cases are growing at a staggering rate in the United States. While a lot more consumers are becoming aware of the risks and enlisting help via identity protection, most ignore the importance of having an ID theft recovery plan as well. The cost to recover your identity averages over $3,000 and could take as many as 600 hours. The entire process is tedious, time-consuming, frustrating, and could easily bankrupt you if you already have a dire financial situation.

But recovering from identity theft doesn’t have to be so devastating. In conjunction with identity protection, identity theft recovery services help keep your life in order when you become a victim of identity theft.

How ID Theft Recovery Services Can Help

Identity theft recovery companies are experts at handling the loss of your information. They track down the point of origin to help you discover what credit accounts are fraudulent. Then they go to work helping you restore your credit profile. They handle your recovery from multiple types of identity theft, including:

• Medical identity theft
• Data breaches
• Bank and/or credit card identity theft
• Government identity theft (e.g., Social Security fraud, Medicare fraud, etc.)
• Employment identity theft
• Phone and/or utilities identity theft
• Every other type of identity theft you can imagine—and there are many!

Steps An ID Theft Recovery Service Takes

Identity recovery requires experts, such as law enforcement professionals, who understand the complicated process of ID theft recovery. While the steps they take depend on the extent of your identity theft case, some services include:

• An expert who resolves all inaccurate information that appears on your credit report and/or medical records due to fraudulent activity.
• A professional who contacts financial institutions and other credit providers, and then closes down those accounts to ensure no further charges occur.
• Helping you file a police report as well as a report with other government agencies to thoroughly document the fraud.
• Cleaning up any fraudulent tax returns that may have been filed on your behalf, and working closely with the IRS as well as your state tax commission to correct those errors.

While identity protection is your first line of defense against ID theft, when identity theft does happen, having a respected ID theft recovery plan is place is critical. ID360 provides identity theft recovery services that give you peace of mind. From negotiating with creditors, obtaining your credit reports, dealing with your bank, filing FTC reports, and  assisting with correcting your medical records, the company ensures that you are able to return to the good credit you had before the identity theft occurred.

Get more identity theft protection and recovery advice from the experts at The Identity Advocate by visiting www.TheIdentityAdvocate.com or calling 310.831.4400.

Tags: ID protection, id recovery, ID theft recovery, ID360, Identity Theft, identity theft prevention, identity theft protection, identity theft recovery, prevent identity theft

This Entry was posted by Linda Vincent

Thursday, October 23rd, 2014 / Fraud, Identity Theft.
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