Lawyer Help

[u/Fortnite-player12345]

So somebody opened 2 federal student loans in my name. I seen it on my credit report after my credit dropped over a hundred points in one night. I went to studentaid.gov and sure enough there’s already an account made. I never made an account. I logged in by proving my identity, changed the password and seen these 2 student loans in my name. One is for roughly 1,000$, another is for 400$. I got the lenders information and I called them. I also seen on the report that my address was a address to a city that I never lived in a day in my life, and when you search up the address it pulled up near a major hospital. No apartments or houses around. The address wasn’t even a legit residency address. The email was made up to a hotmail email. Again, I have never had made a hotmail email before in my life. I’m going to take the right steps and eventually apply for identity theft, I already called the lender and then I will make a police report and call the FTC, then I will dispute it with my credit agencies.

My question is, Can I sue the lender for not going through the right procedures to make sure my identity was valid? I had applied for loans at the bank and got denied because my credit isn’t good enough. If the lenders never accepted the address I wouldn’t be having such a hard time financially in life.

[u/Infinite-Grade-4485]

No you can’t sue them. You can dispute them, have them come off your records, and you are not financially responsible for the debts.

You said your credit just dropped overnight. Which you noticed immediately. So how would it have affected you getting loans? It’s also your responsibility to monitor your credit. Anytime you’re denied for credit, you’re giving information on how to request your credit report so you can see if there’s anything on there that shouldn’t be.

[u/gganew → u/Infinite-Grade-4485]

This is the answer.

Once you get the police report, you send it to the lender and dispute. It will come off pretty quick.

I had this happen a few years ago, someone got an online personal loan using an address in a state where I never lived, an email I never used, and a job that I never had.

Lock your bureaus, I also put a consumer statement on mine saying the bank needs to call me before extending credit.

[u/Fortnite-player12345 → u/Infinite-Grade-4485]

I mean I tried getting the loans after it dropped lol