Well nothing is never simple. About 5 years ago someone had opened a credit card in my name and i didn't know it. About a year later I get a letter form a collection agent. I told them i know nothing about it and disputed the collection. After that i haven't heard anything about it. Come to find out after 4 years it's still on my credit report. I have no problem getting a loan but the interest rate is almost double what it should be. Now I'm working with a finance Co that I've recently used and payed off. Hopefully they can do better. I refuse to pay a high interest rate because of some low life hacking my information.
