The Damaging Effects of Identity Theft
There is a new threat that is happening at an alarming rate and affects thousands and thousands of people. Identity theft is the new threat that is being referred to.
When you think of all of the possible types of theft that can happen, identity theft ranks near the top in regards to the most damaging type of theft. This is largely due to the financial damage that can be the result of identity theft and the long term pains it can cause.
In case you are unaware, identity theft is the use of someone's personal information without their permission. This can include illegally using someone's name, address, social security number, or financial information.
Once a thief is able to gain access to someone's personal information, there are many fraudulent activities that they can perform. For example, using your credit card to make purchases or even starting up a new credit card account under your name and information. They may also gain access to your checking or savings account and withdraw funds.
The damages caused by identity theft are not limited to just financial problems. Identity theft can also take a toll on you personally and emotionally. Identity theft can leave a person feeling violated and can cause emotional struggles. Identity thieves can cause damage to your name and result in illegal activities being associated with you. The damages caused can take many months to clear up and to repair. In some instances, it can even take several years to completely clear up and have all illegal transactions cleared from your credit report.
A victim of identity theft can also find themselves having to explain the situation when a background check is performed. Whether it is being performed by a potential employer or in regards to securing a loan, it can be embarrassing and stressful to have to continually explain the situation and to clear ones name.
Related Tags: identity theft, identity theft protection, id theft
If you want to learn how to protect yourself from identity theft take a look at our guidelines for identity theft prevention. In case, you are unfamiliar with ID theft, we define identity theft for you. Don't wait until you become a victim of identity theft, start learning the basics of identity theft protection now and be proactive in your approach.
Your Article Search Directory : Find in ArticlesRecent articles in this category:
- Phishing Baits - Is Someone Phishing for You?
Phishing is a term that you have probably heard before if you have been around the Internet for any - Identity Theft is the Fastest Growing Nationwide Fraud Today
Last year nearly 10 million identity thefts were reported, alone, in US. It is a nationwide growing - Avoid Becoming A Victim Of Identity Theft
Identity theft is the least understood of all problems, though this assumption of our identities for - How To Prevent Your Mail Being Used In Identity Theft
One of the methods that criminal get your personal information is through your mail, this can either - Drastically Reduce Your Risk of Identity Theft
This whole identity theft thing gives you the creeps, right? You're not only infuriated by, but terr - Where Have All The Corner Mail Boxes Gone? Identity Theft
Have you ever had a credit card stolen? Have you ever had your wallet stolen? Have you ever had your - Identity Theft - A Few Tips To Think About
When people think of identity theft, they usually think of having their purse or wallet stolen. The - Stop Identity Theft for Good
Identity theft is one of the most agonizing crimes that can happen to you if you have built any type - Your Credit Cards May Be at Risk - Few Tips to Prevent Credit Card Theft and Fraud
More and more people are using credit and debit cards when they go shopping. It is convenient to jus - Identity Theft Help - Lock out The Thieves
Millions of people will need identity theft help because their identity has been stolen this year an
Most viewed articles in this category:
- California Man Faces 101 Years in Prison for Identity Theft
A man in California is facing a prison sentence of up to 101 years after a jury found him guilty of - Voice Recognition for Avoiding Credit Card Fraud!
However, the main annoyance this product shows is that due to the built in microphone, a loudspeaker - Identity Theft: 9 Tips Which May Help
Identity Theft: 9 Tips Which May Help1. Phishing Scams Awareness - these often take the form of e-ma - Am I a Victim of Identity Theft?
Being a victim of identity theft is something that everybody should dread. Identity crime is increas - We Can All be Victims of Identity Theft
Identity crime is particularly on the increase and can have far-reaching and devastating consequence - Identity Theft White Paper from McAfee
A recent white paper released by McAfee entitled "Identity Theft" shows that there has been a dramat - Identity Theft - The Time Bomb On Your Desktop
Way back at the very birth of PC software, programmers faced a major dilemma and that was, just how - Repair Your Identity Theft Problems
If you have been a victim of identity theft, have you gone through the process of restoration? No? t - Protecting Yourself from Identity Fraud
Your identity is extremely valuable. You need it to prove who you are for various purposes in your - Increase in Identity Theft Reports
McAfee reports a dramatic increase in computer security breaches leading to the loss, or potential l
