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I Had A+ Credit Until My Identity Was Stolen. – Nikki


“Dear Steve,

I had A+ credit until I found out my identity had been stolen. Collection agencies are just out for blood from anyone. Now I am facing arbitration!

I am facing arbitration with a credit card company’s attorney. Can I protect my assets with a lien or trust to buy some time and leverage and is this process expensive?


Dear Nikki,

Here is what you need to understand about arbitration, you will lose. If you are a victim of identity theft and that is what has resulted in the current mess, get legal help. Contact a local attorney.

There must be more to this story though, simply because you are identity theft does not mean that you wind up in arbitration and collections.

As a victim of identity theft, hopefully you filed a police report when this happened so you’ll have some proof.


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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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