Okay, let’s assume for a moment you do find evidence of identity fraud or theft. The first thing to do as reasonably quick as possible is to isolate the damage. Certain companies, if already employed will assist in this area by either providing the necessary steps for correction as well as insurance on the current damage. For you, think of the theft as a cancer, you want to cut it off from the rest of your financial entity as quickly as you can, and then neutralize it. This is the quickest and most effective way to achieve theft correction. This means if the identity theft is associated with a particular account or card, shut it down no questions asked.

 Below is a checklist you'll want to review: 

• Credit cards are easy to shut off. Simply contact your card company and tell them to close the existing number and send you new numbered card.
Your banks and financial accounts can be changed just as quickly. But let’s suppose the thief has created a new account you had no say in. This makes correction a bit more complicated.
• First, call the police and file a report. This will protect you later when questioned about your own involvement. Also call all three credit bureaus and place fraud alerts on your entire record. This will help stop any new account activity from occurring moving forward.
You’ll need to give the police as much information as you can about how you think the thief obtained your personal information. Sometimes that is easy, like your pocket is picked or your purse stolen or your house burglarized. Sometimes, you will never have a clue as to how or why this has happened, but contact the police anyway. You are doing so for two reasons - first, to try and help the police investigate the crime and, perhaps, spare others. Second, and of equal or greater importance, you want to obtain a copy of the police report you have filed. This will help you establish with others (those who may have granted the thief credit in your name, as well as the various credit reporting agencies) that you are a victim of a crime, not a credit abuser. Stress the importance of a police report; many creditors require one to resolve your dispute. Remind them that credit bureaus will automatically block the fraudulent accounts and bad debts from appearing on your credit report, but only if you can give them a copy of the police report. Assuming the thief has performed some damage, usually you will get notice of it via a bill or an outstanding amount owned.  Worse, you find that the thief has emptied out one of your accounts. Make sure any finances you have ae moved to diffrent accounts than your main checking so that access is limited. 

• Then you will need to work with each of your companies, with police report in hand, to prove to them that 1) fraud occurred, and 2) to limit you or your liablity. 
This part can take a long time to complete, and can be very frustrating as copanies are prote to think the vicit is involoved in the crive as well.  But you wll need to be persistent and firm to win your name back.
• You need to make contact with the company in question that you now have a fraudulent debt with and identify to them immediately to cease doing business in your name.
If restoring your credibility gets difficult, or a company refuses to cooperate in closing a fraudulent account, you should seek the help of a lawyer quickly. Nothing scares a company faster into cooperating than the involvement of a lawyer ordering them to cooperate. If nothing else, lawyers mean the company will pay for the mess, either in a suit or in defending itself, but either way they lose money. It helps to remind them of that fact. Correction may not be easy, but it is definitely possible.