Identity theft seems like an implausible situation until it happens to you or someone you love. There are dozens of ways identity theft can occur, and sometimes it can happen despite preventative measures.
If you need emergency cash to recover from identity theft, keep reading to learn about what you need to do to protect your information. And learn how you could quickly get approved for a ChoiceCash Title Loan, even on a Sunday when most loan options are unavailable.
Warning Signs You Need to Recover from Identity Theft
It is always important that you stay vigilant of your monetary accounts. Though you may have automatic payments set up, it’s a good idea to keep an eye on your transactions at least once a month.
There are plenty of warning signs that you have become a victim of identity theft, such as:
Sign of Identity Theft: Unfamiliar Expenses on Bank Statements
If you log onto your bank account and see expenses you know you have not made or authorized anyone else to make, then you may be a victim of identity theft. Contact your bank as soon as you catch unauthorized activity and report fraud. The bank will typically freeze your account, issue a new card, and refund you the missing money (up to a certain amount).
Sign of Identity Theft: Unauthorized Inquiries on Your Credit Report
Once a year, you are entitled to one free credit report from each of the three credit card bureaus: TransUnion, Experian, and Equifax. You can order your free reports each year through the Annual Credit Report website. Your credit report will contain your personal information, credit history, and credit inquiries. Reviewing your reports can help you spot the signs of identity theft.
Sign of Identity Theft: Your FICO Score Changes Dramatically
Some credit card issuers offer free FICO scores to customers, such as Chase, Capital One, and many more. Keeping an eye on your credit can help you adjust your spending and increase your awareness of unusual activity. If your credit dips dramatically, it could be a sign that you have become a victim of identity theft and that someone has made fraudulent credit inquiries in your name.
Sign of Identity Theft: You Start Receiving Debt Collector Calls
If you are a diligent borrower, you may be rightfully concerned if you start getting calls from debt collectors. If you get calls about debts you have not personally acquired, you may be a victim of identity theft! Fraudsters have likely obtained your personal information and made expenses in your name.
Recovery Steps You Should Take if You Suspect Your Identity Was Stolen
If you notice unusual activity on your credit card or bank statements, contact your lenders and report the fraudulent activity. They can help you freeze your accounts and issue refunds. If one or more of your credit reports have suspicious activity, contact the credit reporting agency immediately.
These are the phone numbers for the three credit card bureaus:
- Equifax: 800-525-6285
- Experian: 888-397-3742
- TransUnion: 800-680-7289
If you suspect identity theft, it’s highly important that you contact the Federal Trade Commission (FTC) in addition to lenders and credit reporting agencies. The FTC will collect your details and monitor any financial or medical activity made in your name. Dial 877-438-4338 to speak with an agent or visit the FTC identity theft website.
Emergency Cash Options to Recover from Identity Theft
Recovering from identity theft takes time, and depending on your specific circumstances, you may not have access to your financial accounts. So what can you do if you need emergency cash to recover from identity theft?
Learn about some emergency cash options to recover from identity theft:
Payday loans do not require good credit history, so if you are a victim of identity theft and your credit is shot, you could still get emergency cash. But although the process is quick, you may only be able to secure up to a few hundred dollars. If you need more than two weeks for repayment, a payday loan may not be ideal for helping you recover from identity theft.
Pawn Shop Loans
Eligibility for pawn shop loans is not based on credit, but rather on the item you use as collateral. In exchange for emergency cash, you could provide electronics, jewelry, instruments, and more. The amount you could get with a pawn shop loan is dependent on the items value, but keep in mind that interest rates may be quite high.
Title loans are similar to pawn shop loans because you use an asset to obtain emergency cash–your car title. Your car could potentially help you get enough money to recover from identity theft. When you work with ChoiceCash Title Loans, you can keep driving the car even though there is a lien on the car title!
If you don’t have a traditional day job, you could still qualify for a ChoiceCash Title Loan without a pay stub.1 All you need to be deemed eligible for emergency cash to recover from identity theft is a qualifying car and a reliable source of income.1
Get Emergency Cash through Title Loans to Recover from Identity Theft
While there are various loan options available to you to recover from identity theft, ChoiceCash Title Loans could help you get more than just quick emergency cash.1 2
ChoiceCash Title Loans offer eligible borrowers a convenient 3-step process, compassionate service, affordable terms, financial rewards, and much more.2 This type of loan was designed for people that need fast emergency cash without the strict qualifications of traditional bank loans.