Colorado Letter to Creditors Notifying Them of Identity Theft of Minor for New Accounts

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Multi-State
Control #:
US-00714-LTR
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Word; 
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Description

This Letter to Creditors Notifying Them of Identity Theft of Minor for New Accounts is used to resolve the fraudulent opening of an account by an identity thief in a minor's name. A minor or the minor's parent must notify the creditor of the account opened fraudulently in the minor's name to dispute the opening of the account and any charges or debits attributed to the account.
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FAQ

Some victims can lose the ability to function and cope with everyday activities. They may be severely depressed ? some symptoms are exhaustion, overeating, anxiety, drinking, forgetfulness, or an unwillingness to leave home or their bed. Don't wait until you feel lost at the bottom of a pit.

How Does Identity Theft Occur? All that is needed is a little information, such as your social security number, birth date, address, phone number, or any other information which can be discovered.

You could experience psychological harm and emotional distress. You could become a victim of repeat identity theft and fraud. Scammers can commit crimes in your name. Your personal data could circulate on the Dark Web forever.

If you're facing identity theft, know that it is possible to overcome the issue ? but it may take some time. Just ask one of our identity specialists, like Vera Tolmachoff, Restoration Manager at Allstate Identity Protection. "It can take days, months, or even years to untangle identity theft," says Tolmachoff.

The wide-range of identity theft-related crimes makes it hard to put a clear timeframe on recovery. However, on average, it can take over six months and 100?200 hours of your time to discover, resolve, and recover from the effects of identity theft [*].

What does identity theft insurance not cover? It's important to note that these insurance policies typically don't cover stolen money or direct financial losses from fraudulent purchases and other unauthorized use of credit accounts. They typically reimburse you only for the costs of the reporting and recovery process.

Identity theft can have serious consequences for you and your family. It can negatively affect your credit, get you sued for debts that are not yours, result in incorrect and potentially health-threatening information being added to your medical records, and may even get you arrested.

Identity theft happens when someone takes your name and personal information (like your social security number) and uses it without your permission to do things like open new accounts, use your existing accounts, or obtain medical services.

The four types of identity theft include medical, criminal, financial and child identity theft. Medical identity theft occurs when individuals identify themselves as another to procure free medical care.

The three most common types of identity theft are financial, medical and online.

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Colorado Letter to Creditors Notifying Them of Identity Theft of Minor for New Accounts