To make certain that you do not become responsible for any debts incurred by an identity thief, you must prove to each of the companies where accounts were opened in your name that you didn’t create the debt. The ID Theft Affidavit was developed by a group of credit grantors, consumer advocates, and attorneys at the Federal Trade Commission (FTC) for this purpose. Importantly, this affidavit is only for use where a new account was opened in your name. If someone made unauthorized charges to an existing account, call the company for instructions.

While many companies accept this affidavit, others require that you submit more or different forms. Before you send the affidavit, contact each company to find out if they accept it. If they do not accept the ID Theft Affidavit, ask them what information and/or documentation they require.

To help simplify the notification process, the FTC (in conjunction with banks, credit grantors, and consumer advocates) developed an “ID Theft Affidavit”. The purpose of the form was to create a document that can be used by most, if not all of the credit issuers, retailers, banks, and other financial institutions. For a copy of the ID Theft Affidavit log on to www.ftc.gov/bcp/edu/resources/forms/affidavit.pdf or call 1-877-ID-THEFT (438-4338).

It is strongly recommended that you see your credit reports before you apply for any kinds of loan.