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May 31, 2007

Identity Theft: Part 2

Once a thief has your secure information (social security number, credit card information...) they can begin to steal from you through various means.  Some examples are

1.  Open new credit card accounts in your name and then never pay the bill.

2.  Go on spending sprees on-line with your credit or debit cards.

3.  Take out loans in your name.

4.  Establish telephone or cell phone service.

5.  Open bank accounts and bounce checks.

We will examine how to you can prevent identity theft in Part 3

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