Identity Theft

You may be a victim of Identify theft right now and not even be aware of the long term financial devastation that can be caused as a result.  Identity theft is one of the fastest growing crimes today that can significantly jeopardize people’s financial future, according to FBI statistics.  Identity theft is most commonly defined as fraud that involves stealing a person’s identity to gain financially as well as receiving other benefits that come with illegally using another person’s identity. 

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Identity theft results in billions of dollars in damages each month primarily as a result of people illegally using social security numbers, credit cards, and mail fraud.  Criminals have also been known to fraudulently get cell phones, commit criminal acts, secure jobs, commit check fraud, and get mortgages using other people’s stolen identities.  Other major identify theft facilitates terrorism, illegal immigration, blackmail, and espionage.

Once a person obtains personal information like a social security number, date of birth, or a driver’s license number, they can quickly do some serious damage to your credit profile.  And once the damage is done, it can take you years as well as thousands of dollars to restore your credit prior to becoming a victim.  Nobody is immune to identity theft, because it can happen to anybody at anytime. 

Criminals have become very efficient at using multiple methods of obtaining personal information through the telephone, fax, email, and even searching through people’s trash.  The victims of fraud are normally left with thousands of dollars in damages along with bad credit and a tarnished reputation.  The only way to prevent identity theft is to work with a proven company with a good track record. 

Identity theft can leave you with an unjustified criminal record that prevents you from getting that dream jobs, or a lower credit score that results in $500-1000 higher monthly costs for mortgage payment, insurance rates, and credit card interest.  Many people also report that the emotional impact of becoming a victim of identity theft is equivalent of a violent crime.  By protecting your identity you are protecting your financial future as well your lively hood in an economy where the majority of everything is based on our credit reports.

LifeLock and ID Watchdog are the two industry leaders in identity theft protection and both offer guaranteed services.