The Fair and Accurate Credit Transactions Act (FACT Act) will help reduce identity theft according to Congress and the Federal Trade Commission. For example, one provision requires the three major credit-reporting agencies to provide consumers with a free copy of their own credit report.
Another provision to help prevent identity theft is the National Fraud Alert System. Consumers, who reasonably suspect they have been or may be victimized by identity theft, or who are military personnel on active duty away from home, can place an alert on their credit files. The alert will put potential creditors on notice that they must proceed with caution when granting credit.
Other measures that will help consumers recover their credit reputation after they have been victimized:
The Three Major Credit Agencies:
Equifax (www.equifax.com) Place a fraud alert 1-888-766-0008 Order a credit report 1-800-685-1111
Experian (www.experian.com) Place a fraud alert 1-888-397-3742 Order a credit report 1-888-397-3742
TransUnion (www.transunion.com) Place a fraud alert 1-800-680-7289 Order a credit report 1-800-888-4213