When someone is using your information for financial gain, your credit may be affected.  There are cases in which the thieves ran up the credit card bills, took on mortgages, and got deep into debt without your knowing. Then, when they found themselves unable to repay the debt, they filed for bankruptcy or their home got foreclosed, in your name, of course.  There are cases in which the victim did not know about the fraud for many years and the only reason the victim found out is because the victim got rejected after applying for a loan.   Or after checking a credit report, or when they started receiving collection notices.  Read the full story

I write plenty here about Identity Theft, but I feel I should delve into this term a little bit deeper.  What is Identity Theft?  Really, What is it?

A Legal Definition of Identity Theft per Fair and Accurate Credit Transactions Act of 2003, Identity Theft Means:

“… a fraud committed using the identifying information of another person.” 16 CFR §603.2 Read the full story

Identity Theft is not a new crime, but it is the fastest growing one.  With the latest technological advancements and developments, the criminals are getting more creative.  Your information could be obtained in various ways.  Here are just a few examples: Read the full story