Identity Theft : They Got Him

His hard earned money? Gone. Creditors on his back everyday. Police knocking on his door. His family strained to the breaking point. He didn't do anything wrong but my business partner's life got turned upside down a few years back. He became a victim of what is now the fastest growing crime in the world. Identity theft.

According to the Federal Trade Commission, since 1999 over 27 million people in the US alone became victims of thisepidemic 10 million more last year. Harris InterActive,amarketing research company, reports that between 2002 and2003 roughly 19,178 people per day fell victim.

Your identity can be stolen in many ways. For my partner,the thief gained access to his social security number andaddress then applied for a series of loans in his name. Whenthe bills came due, guess who the creditors and law enforcement held accountable?

He and his family felt the full impact. Identity theft cancripple and even destroy a person's life. Not just the time losstrying to recover your identity but also the out of pocketexpense. U.S.Treasury Secretary John Snow calls identitytheft "the greatest threat to consumers and far moreinsidious and harmful to our national welfare than manypeople realize."

The internet doesn't make it any better with its almostlimitless access to information but a great deal of identitytheft still comes from the offline world. Wherever it comesfrom the goal stays the same. Get your personnalinformation and steal what belongs to you for as long aspossible.

In many cases, this can lead to the victim filing forbankruptcy or worse. As reported by the Orlando Sentinel,one man whose identity got stolen recently spent 54 days injail before authorities realized their mistake.

Yet even when the thief finally gets caught, victims findout all too often the worse part still lies ahead. Therecovery of their identity. For my partner, that meant neverending battles with the same credit bureaus that previouslygave him good ratings.

They destroyed his credit almost overnight eventhough he dideverything they told him to get it restored. The agenciesrefused to clear his record and instead, started sharing hisinformation with each other. His mortgage rates wentthru the roof. He paid more for everything but still gotdeclined. With all of this came the burden and fear of himnot knowing if he would ever recover his identity.

Six years later he finally did. He started working with acompany that within 90 days restored his credit. Hismortgage rate dropped and he went back to paying full pricefor everything like the rest of us.

And like my partner, all of us risk becoming victims. In SanAntonio Texas, television station KENS 5 spoke with a manconvicted of identity theft who warned "Don't take forgranted what you have because anybody could take it away - I mean at the snap of a finger."

He would know. The ways of stealing an identity have turnedthis crime from nuisance to worldwide crisis.

Daryl Campbell is a technical and screenplay writer and CEO of Campbell Marketing, L.L.C. His website winthemarket.com, mini-sites, and articles submitted to ezines help the reader to grow and protect their internet marketing business.

Can you afford to hire professionals who will give you 24/7 protection, complete identity restoration and the best legal services? Identity thieves hope you answer no. Upset them by going to http://digbig.com/4cmcg now.

More Resources

Unable to open RSS Feed $XMLfilename with error HTTP ERROR: 404, exiting

More Credit Information:

Related Articles


Opting For A Credit Card? Check Out Certain Terms
You've just received a "pre-approved" credit card offer in your mail. Without wasting a minute you're ready to accept it, especially if it's the "before-the-offer-expires" one.
How Do I Establish A Good Line of Credit?
A line of credit, roughly defined, is the amount of credit that can be given to a borrower from a lender. Usually a contract or note of promissory is exchanged between the two parties, in which both parties agree to the line of credit amount, as well as the annual interest due to the lender at the end of the term.
Why Your Credit Score is Important
Your credit score can either haunt you or reward you. It all depends on how you handle your credit and payment activities.
What is Credit Counselling?
Ever wondered what is Credit Counselling? There are occasions when you might encounter a financial situation that is beyond your scope which is when a session with a credit counsellor could be beneficial.If you're not disciplined enough to create a workable budget and stick to it, can't work out a repayment plan with your creditors, or can't keep track of mounting bills, consider contacting a credit counselling organisation.
Making Sense of Credit Card Fees
In addition to the APR (annual percentage rate) and the finance charges, most credit cards have a number of 'fees' associated with their use. Some fees are unavoidable with a particular card (like an annual fee or a program participation fee), while others are triggered by certain circumstances.
Top 7 Factors to Consider While Reviewing Credit Card Offers
Credit cards have migrated from being hip or convenience product into a must have entity for everybody. Shopping Online you need a credit card.
Why Should You Use Credit Cards
Believe it or not, the way society, especially the commercial side, is set up these days, the only alternative to using credit is to pay cash for everything. But it's actually quite hard to do that.
Credit and Its Cost
What is Credit?Credit is money granted by a lender (or creditor) to a debtor (or borrower) whereby the lender defers receiving payment of the debt for a period. In exchange for the credit allowed, the lender will get back the money lent plus interest.
Repair Your Credit - The Right Way!
How to Repair a Bad Credit Rating?The Right Way!If you have a bad credit rating, then you might find that your ability to get financing, loans, and even some jobs is greatly diminished.Once you have a bad credit rating, it might seem like there's nothing that you can do about it? but you don't have to believe that.
Credit Cards - A Blessing or a Curse?
Owning a credit card can be quite an advantage. Whethermaking online purchases, booking an air ticket or a hotelroom on the phone or simply being in need of someemergency cash, having a credit card can be a big help.
Credit Repair Services vs. Do-It-Yourself Credit Repair
Millions of Americans suffer because of bad credit these days, and almost all of these people turn to the Internet for help. In the past 5 years hundreds of 'internet-based' credit repair services have sprung up, preying on consumers in need of real help.
Credit Card Incentives
Credit card companies want your business. After all, lending money to people is profitable.
Credit Card Entrapment - The Secrets are Out
Have you ever wondered why your credit card bill is so high and you can't seem to pay off the balance? Well you are not alone in this. You should be aware of a couple of trick that they use and you probably don't even pay attention to it, but you definitely pay for it and BIG!The next time you open up your credit card statement, take a real close look to all the "junk" inside particularly the very hard to read insert Call "changes to you credit card agreement".
It Is In Your Best Interest To Do The Math On Your Credit Card Interest
If you begin foaming at the mouth once a month when you receive your credit card statement, join the millions of Americans that are foaming along with you. There is a growing outrage at the seemingly endless journey towards eliminating the balance on your credit card and that is due primarily to the extravagant interest rates charged by credit card companies.
Understanding Credit Report Score
Understanding credit report scores is important when you see your credit report because you need to be able to make some sense of it.Your credit score is used by anyone loaning you money such as credit card companies, home loan lenders, auto loan lenders and finance companies.
Bad Credit Credit Cards
Chances are you've gotten your share of offers like this in the mailBad Credit Credit Card, Bad Credit Visa Cards and Credit Cards for People With Bad Credit. Re-establish your credit with a bad credit credit card, credit cards for people with bad credit or pre-approved Visa cards regardless of your bad credit history, some with low introductory rates and other perks.
Tips For Getting Your First Credit Card
Most of us get a credit card on our name when we go to college or when we are in our senior years of high school and all of us stumble into the same types of difficulties when it comes to finding an issuer and managing the credit card. Most banks ask for a prior type of credit history that most of the time lacks and for some type of warranty that we will be good payers.
How to Order the Right Credit Reports to Repair Your Own Credit
In this week's article, I am going to offer some tips and insight regarding how to order the right credit reports needed to repair your credit.Believe it or not, a majority of the credit reports offered on the internet don't have the required information (File Number, Confirmation number, or Report number) needed to repair your own credit.
Low Interest Credit Cards Have Many Advantages
When credit cards are used wisely they can be very beneficial to the consumer. A low interest credit card can be exceptionally beneficial.
What You Need to Know about Debt Negotiation on Credit Cards
Debt negotiation on credit cards is often referred to as credit card debt settlement. Whenever you make a credit card payment- or even pay your utility bills- it usually gets reported to one- or all- of the three main credit agencies.