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Identity theft has profound consequences for its victims. They can have their bank accounts wiped out, credit histories ruined, and jobs and valuable possessions taken away. Some victims have even been arrested for crimes they did not commit.
Identity Theft Losses Losses from identity theft can take a staggering toll. While one in three (34%) respondents reported losses between $100-$500 while experiencing identity fraud, 15% reported financial losses greater than $1,000.
Change the passwords, pin numbers, and log in information for all of your potentially affected accounts, including your email accounts, and any accounts that use the same password, pin, or log in information. Contact your police department, report the crime and obtain a police report.
Inform your bank, building society and credit card company of any unusual transactions on your statement. Request a copy of your credit file to check for any suspicious credit applications. Report the theft of personal documents and suspicious credit applications to the police and ask for a crime reference number.
They may face denials of loans and mortgages, and be refused employment. They may also be unable to open a bank account, and may need to spend months or years attempting to resolve economic mistakes and issues. Identity theft can also have potentially life-threatening consequences.
Identity theft can victimize the dead. An identity thief's use of a deceased person's Social Security number may create problems for family members. This type of identity theft also victimizes merchants, banks, and other businesses that provide goods and services to the thief.
Steps for Victims of Identity Theft or Fraud Place a fraud alert on your credit report. Close out accounts that have been tampered with or opened fraudulently. Report the identity theft to the Federal Trade Commission. File a report with your local police department.
Follow these tips to reduce the risk of a deceased person from having their identity stolen: Send copies of the death certificate to each credit reporting bureau, asking them to put a ?deceased alert? on the credit reports. Review the deceased taxpayer's credit report for questionable credit card activity.