3/1/2023 0 Comments Us sm bus admin oda![]() The website, however, is an excellent source of information on protection your identity and credit. Because that didn’t happen, there was noting to report. What the FTC treats as identity theft is if someone is successful in opening up an account or getting a loan in your name. Based on my review of that website, it would appear that the FTC doesn’t treat as identify theft the attempted but unsuccessful opening of an account. You can do this at an FTC run website called. Second, she suggested I report the identity theft to the Federal Trade Commission. If I ever need to apply for credit, I’ll need to remove the freeze temporarily. In the case of TransUnion, I was able to use its automated system. It took less than five minutes to freeze my credit with each credit agency. With a credit freeze, you must do this with each of the credit bureaus. With a fraud alert, Experian was able to notify the other two credit bureaus who also added a fraud alert to my file. It’s a step I’ve also taken, but it’s more extreme than a fraud alert. A credit freeze blocks lenders from pulling my credit report. Note that a fraud alert is different from a credit freeze. This may take the form of a telephone call to the number on file with the credit bureaus. The result is that lenders will take steps to ensure that it’s actually me who is applying for credit. A fraud alert notifies potential lenders that my identity has been compromised. Fraud Alertįirst, she suggested I add a fraud alert to my credit file. Beyond disputing the inquiry, the Experian representative made two recommendations. It was less than 24 hours later when I received confirmation that the inquiry had been removed. In a five minute phone call I was able to dispute the inquiry based on fraud. Step Two-contact the credit bureauįollowing the SBA’s advice, I called Experian. Doing so, he told me, should get it removed in 24 to 72 hours. He advised that I should dispute the hard inquiry as fraudulent. The SBA representative then gave me a number to call Experian. The SBA had already rejected the loan application because they suspected fraud. In less than 10 minutes on the phone with the SBA they identified the issue, agreed that it was fraudulent, and marked the transaction accordingly. Fortunately, SBA contact information was available in my Experian credit report. The first step in removing the hard inquiry was to call the SBA. The process of getting it removed involved two steps. Checking your score or report will not affect your credit score. The best example of a soft inquiry is if you check your own credit report. If you apply for a credit card or car loan and the lender checks your credit report and score, it will show up as a hard inquiry on your credit report.Ī soft inquiry, or soft pull, is one that does not affect your score. A hard inquiry occurs when you apply for a loan. A hard inquiry, also called a hard pull, will lower your credit score. How to remove a hard inquiry from a credit report I suspected fraud because it seemed unlikely that the SBA would mistakenly have my social security number and other identifying information and put an inquiry on the report. So I knew immediately that this was either a mistake or fraud. The Small Business Administration (SBA) reported this hard inquiry to Experian in September. I have given up and just hope it is dead. I kept demanding that I receive documentation that the loan was stopped, they have not done so. Engaged CyberScout (free work benefit - this was worthless, I had already done everything they suggested) ![]() Disputed with Experian -they removed immediately Filed a complaint with CFPB - they closed it, they don't deal with government agencies Placed credit fraud alert with all credit agencies ![]() Verified they had my SSN, name, DOB and address. I was able to determine the person's email address, bank they requested funds to and amount. It will hit Experian, not the other reporting agencies. It is fraud, I am knee deep in this mess. ![]()
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