Petroff Amshen LLP Urges Immediate Action on Credit Issues Due to Identity Theft

NEW CITY, NY / ACCESSWIRE / September 11, 2024 / Petroff Amshen LLP, a New York-based law firm, emphasizes the importance of addressing credit damage caused by identity theft. Specializing in identity theft, credit repair, and consumer protection, the firm advocates for the fair treatment of all clients.

Recent data indicates a significant rise in fraud and identity theft incidents, with 78,661 and 14,312 cases respectively in Q1 2024. These crimes led to financial losses exceeding $136.6 million, affecting over 45,000 individuals and causing widespread financial instability. Serge F. Petroff, Partner at Petroff Amshen LLP, stated, "Identity theft can destroy credit scores, leaving consumers vulnerable to unfair practices by financial institutions."

Petroff Amshen LLP advises regular credit report checks to detect unauthorized activities. Many Americans remain unaware that identity theft can severely impact their credit, resulting in loan denials, higher interest rates, and financial losses.

The firm offers comprehensive support to identity theft victims, including removing fraudulent accounts and unauthorized inquiries. They begin with detailed consultations and analyses of credit reports to identify errors and fraudulent charges, followed by the dispute process to correct inaccuracies.

If initial measures fail, Petroff Amshen LLP takes legal action in federal court, ensuring clients receive compensation for financial damages. Through effective negotiation and advocacy, they work with creditors and credit bureaus to restore accurate credit information.