Repairing credit following identity theft can be complex. Here are some important steps to follow in addition to hiring professional help. Notify creditors and banks as soon as possible. Many may provide protections that limit a person's liability, but the coverage works best when issues are reported right away. Report the issue to the Federal Trade Commission. Make a report to the local police to get an official report document. Request a credit freeze so the fraudsters can't get credit in the person's name in the future. Check credit reports and look for inaccurate information related to the fraud. Work with a credit repair company to dispute that information.