If someone takes a loan out in your name, without your knowledge and consent, report it to the lender immediately. This is identity theft, so the lender will investigate it and report the crime to the police, as well as freeze any of your accounts that may be compromised. You should also report the issue to TransUnion, Equifax and Experian, you'll want to make sure that the fraudulent loan is removed from your record to protect your credit rating. All too often, victims of identity theft aren't aware that the loan has been taken out in their name until they begin getting red letters for past due repayments. By this point, their credit rating has already taken a hit and even if it can be fixed later, this can cause problems and delays if they're expecting to get a real loan approved at the time. You can ask your credit reference agency to place a password on your file, which you'll have to provide in order to apply for credit in the future. This can help to protect you from credit fraud - make sure this password is unique.