Jewelry, electronics, your car - in the past, if a thief wanted to rob you, they stole your valuable possessions. But in today's information-based world, there's something even more valuable that thieves can take from you: your identity, and with it, your credit and your good name. Armed with personal information such as your Social Security number, credit card number, name, address, or your online identity, an identity thief can run up debts and commit fraud in your name. It is important to do all you can to help prevent identity theft because when unpaid loans and delinquent credit cards are reported in your name, they can go unnoticed for years, compounding the damage and ruining your credit.
How Identity Theft Happens
With a few pieces of personal information and a little creativity, thieves have learned a lot of ways to use your identity for their gain.
How Identity Theft Affects You
From damaged credit, to angry debt collectors, to a criminal record, identity theft can affect every part of your life.
How Identity Theft Impacts Your Credit
When a thief borrows your identity and credit history, they never return it in good condition. Monitoring your identity and credit may help prevent this damage from happening.