Identity Theft: When It's Time to Call a Lawyer

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When should I involve a lawyer to help recover from ID theft?

Identity Theft: When It's Time to Call a Lawyer

If you have ever been a victim of identity theft fraud, you know that the countless hours of time spent trying to get through the maze of paperwork, phone calls and red tape can be daunting. Historically, identity theft restoration has been a do-it-yourself endeavor. But with identity theft crimes on the rise, and schemes getting more complicated and damaging than ever before, lawyers are starting to get involved in the recovery process to help identity theft victims get their credit histories back in order.

Lawyers are often called to provide assistance when the identity theft involves individuals with complex personal finances, or theft that involves entire business funds and financing, such as those for entrepreneurs and small businesses. Time literally becomes money and the complexities of identifying, reporting, and repairing the damage could easily warrant the need for legal counsel.

More surprisingly, law firms are beginning to specialize in identity theft assistance and representation for individual victims. For a single, pre-determined retainer fee, a firm will take over the management of your identity theft recovery effort for a full year, more than enough time for most cases to be resolved. The fee typically includes consultation to determine the scope and impact of the theft, direct contact with entities that need to be notified of the stolen identity, and drafting affidavits, letters and follow up correspondence necessary.

For identity theft victims who either don't have the time or don't have the inclination to spend the time calling, tracking, filing, and following up to clear their credit histories of fraudulent charges, this new trend of specialty lawyers may prove to be well worth the investment.

Check your local yellow pages or search online for information about law firms that specialize in identity theft recovery.

   

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