Stolen Identity

 http://freeidentitycheck.com/stolen-identity.php

Identity theft is a type of fraud where one person assumes the identity of another in order to transact under the other person's name. Reports of stolen identity cases have been rising lately. The adverse effects of identity theft include huge debt and bad credit score. These may be negotiable; card companies and other financial institutions do have policies concerning identity theft, but the process of proving it has occurred may take long. To prevent identity from being stolen, one must be careful when giving out personal information in internet forms and in other suspicious sites asking for personal information. Another way to prevent stolen identity is through identity checks.

A person can suffer many consequences due to stolen identity. Because the most common purpose of identity theft is to defraud banks and financing companies, victims of identity theft are usually left with huge debts to pay, and when they are unable to settle the debt immediately, a bad credit score. This may not be a permanent consequence of stolen identity but victims will find that proving a case of identity theft is not easy and takes a long time. Also, victims may need access to credit while settling the situation and a temporary bad credit score may adversely affect applications for credit cards and loans.