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How to Restore Your Reputation After an Identity Theft?
If you have become a victim of identity theft, don’t panic. There are several things you can do to repair your good reputation and identity.
However, it will not be easy. Estimates of the time needed on getting back your credit status and reputation are around six hundred hours of work, as mentioned by the Identity Theft Resource Center. After you find that your identity has been compromised, you need to take these our steps as quickly as possible and start documenting your case. The FTC (Federal Trade Commission) outlines these four necessary steps on the identity theft web site, www.ftc.gov/idtheft.  Following is a brief version of the steps:

1.    File a fraud warning on your credit reports and examine the credit reports that you get as a result. You may call any one of the three leading credit bureaus to send the fraud alert.
2.    Terminate any accounts that have been opened illegally.
3.    File a complete report with your local police.
4.    File a complaint notice with the FTC.

As you start the process of recovering your identity, the paper work will begin. Maintaining a good paper trail will help you support and assemble your case. The Identity Theft Resource Center provides some useful guidelines for organizing your data in their website. The FTC also provides advices for organizing your identity theft case. In general, you need to:
Keep duplicates of all forms or correspondence you send.
Write down the name of person you talk to, what he told you, and the date of the conversation.
Keep the original documents, like letters to and from creditors and police reports; send the copies only.
Establish a filing system for quick access to your paperwork.
Keep unused files even if your case is settled.  One of the most annoying and difficult things of identity theft is that wrong information may resurface on your credit reports. Should this occur, you will be grateful you kept your files.