Is thieves taking out equity loans?
Asked By: Meredith Bechtelar
Date created: Mon, Feb 15, 2021 8:03 AM
Date updated: Wed, Jan 4, 2023 5:59 AM
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Top best answers to the question «Is thieves taking out equity loans»
Thieves can gain access to your HELOC and take your funds by stealing your identity and tricking lenders. To reduce the risk of fraud, check your HELOC statements regularly and examine your credit reports for inaccurate information.
Can identity theft happen to your home equity line of credit?
- Identity thieves are always finding new ways to carry out crimes, but you can stop them from using your home equity line of credit and alleviate headaches by monitoring your line of credit. Act quickly if you find out that your credit has been compromised by contacting all institutions involved.
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