An Identity Thief steals your identity
and goes on a financial spree. How much can they spend (in how many different ways) before you find out?
Credit Card Fraud
We all know about this one. Someone gets your credit card info and runs up the balance in a matter of hours.
What happens when you apply for a mortage, only to be declined. Turns out you defaulted on a prior mortgage...for a house in a state you've never been to.
New Credit Cards
A thief with your personal information can open new credit cards in your name. You may not find out about this right away since they entered all their contact info on the accounts.
Nice New Car!
All the loan paperwork is in your name...but the thief is long gone in their brand new car.
Blank Check Fraud
Turns out a thief can wash the ink off the check you just wrote (leaving the signature behind) and change it to any amount they want.