ID Theft

If I alert credit agencys of possible ID theft, would that lower my credit score?

I recently lost drivers license and believe that I may have been pick pocketed. I reported To police, DMV and credit agencys. I'm also getting free reports and I believe fraud alerts last for 90 days. If I want to extend, I will have to send credit agency a police report. My question is...Is it possible to steal identity with drivers license? Will reporting possible theft of drivers lic. hurt my credit?

Public Comments

1. Yes it is possible. You won't see problems with your score if you send the police report in. Even if that does happen, which it won't, having a minor score drop is nothing compared to having someone open credit in your name and charging thousands of dollars against it. Reporting the theft is the best thing you can do to protect your credit and your wallet.
2. I'm not sure exactly, but this site has a lot of answers listed for common questions: http://www.productsupplycenter.com/web248051/ It's helped me raise my credit score so much (I'm now in the high 700s) in the past few months.