I have reached out to all three credit reporting agencies and put a freeze on my credit report. I plan on calling the small business loan office in the morning (right when they open, as I hear hold times are horrendous).
I also signed up for Norton LifeLock as an added protection in case they manage to actually receive any funds from the loan, so that I can have a professional assigned to the investigation and work for me in getting this corrected.
Anything else I need to be doing? I am worried that this will completely destroy me financially if I forget a crucial step.
. . .
Called the SBA office this morning. They open at 7AM CST, but I was able to start waiting on hold at about 6:52AM (once their voicemail was turned off). Just a bit after 7AM, I was connected to their operator who sent me along to the fraud department. I did not have to wait on hold, and spoke with the sweetest lady in the world, Sally, who helped me out.
Apparently they are receiving tons of these fraudulent applications. My account was already flagged as “unqualified,” but they were able to lock the application and mark it is fraud.
The SBA only pulls from Experian, not the other two bureaus. Next step, they recommended calling Experian, giving them my SBA case number, and asking for it to be removed from my credit report as it is fraud.
Tip for anyone reading this: if you are in the same boat as me, get to work ASAP! Call the three credit bureaus (Experian, TransUnion, Equifax) and have your credit report frozen. Then, call the SBA office that shows up on your credit report. Hopefully you can catch it in time as well.