3/18/2023 0 Comments Use sesame with pwsafe![]() Between 20, identity theft complaints to the Federal Trade Commission increased by 47 percent. Identity theft is one of the fastest growing crimes in the U.S. In an even worse -case scenario, an identity thief could use your information to commit a more serious crime, or hurt someone. Imagine the financial and insurance nightmare you’ll face if a fraudster gets speeding tickets or wrecks a car while claiming to be you. Your driver’s license can be used to hide the criminal’s true identity in the commission of various types of crimes. When an identity thief targets your wallet, he may be looking for more than cash and credit cards. Javelin estimates that in 2015, 1.2 million parents received notifications that their child’s Social Security number had been compromised. Also, in many cases the fraud is not discovered for many years, so the thief has plenty of time to fully leverage the stolen identity. So with careful use, a child’s identity is the ticket to a smorgasbord of credit. They haven’t had a chance to let any bill go unpaid. One reason is that children have clean credit files. Child identity theftĬhildren are often targeted by identity thieves. Medical identity theft not only leaves a stack of medical bills, it also causes incorrect information to be placed in your medical file. If you’ve ever received a doctor bill in the mail for treatment that you don’t remember getting, you could be a victim of medical identity theft. Medical identity theftĪ medical identity thief uses your identity to get healthcare. The Federal Trade Commission estimates that credit card fraud and bank fraud account for 16 percent and 6 percent, respectively, of all identity theft cases reported annually. ![]() Fraudulent access to your bank account is another. The credit card example above is a good example. Financial identity theftįinancial identity theft is the use of your personal information for financial gain. ![]() Wage-related fraud occurs when someone uses your identity to earn and collect wages. Tax identity theft happens when someone steals your identity and files a fraudulent tax return in your name. Tax- and wage-related fraud is the most common type of identity theft, accounting for 45 percent of all reported cases. For example, a thief opens a credit card in your name uses it to make purchases. You might think of identity theft as most often related to credit or banking. In simple terms, identity theft occurs when someone uses your personal information, such as your name and Social Security number, without your permission. Credit Sesame has created this guide to arm you with knowledge about how and when identity theft can happen, what the warning signs are, what prevention measures you can take, and what you can do to respond to identity theft in your life. Minimize the chance that you will fall victim to an identity thief, and find out what to do if you suspect your identity has been compromised. When an identity thief gets his (or her) hands on your personal information, they gain the power to wreak havoc on your finances, credit and reputation. The discovery of identity theft is bound to be one of the most anxious and stressful moments a person can experience. My Home Buying Power (Free for Members).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |