Id Theft

Four years ago I had my identity operator stolen, and it cancelled my life upside down. I had to change my credit cards, be quiet my bank accounts, and check my credit reports often. I had collection agencies handicraft me for company credit cards that had been opened without my knowledge. The worst smash is the forager submitted a tax return using my selective training so that when I went to file my return, it said I already had. It took me hiring a tax accountant to work on it for octet months to get the tax return issue alone resolved. It was probably ternary years before allthing was back to normal, and I was no longer dealing with consequences from the theft.
The Federal Trade Commission estimates to a greater extent than ten million people have their identity stolen every year (2009 individualism thievery Statistics, 2009). Identity theft occurs when somebody steals an aspect of a persons identity whether that is companionable security number, credit card or bank account information, or personal information like name and address. The thief then uses that information to commit dodge or otherwise crimes and profit at the victims expense (About Identity Theft). Three-fourths of the fraud that happens occurs within a week of information being stolen.



The good news is that while the percentage of identity theft cases is rising, most financial institutions have implemented zero-liability fraud protection so victims are covered and pay nobody out of pocket to cover the theft (2009 Identity Theft Statistics, 2009).
Two U.S. laws have been implemented to protect victims from identity theft. In 2003, the Fair and Accurate Credit Transactions Act (FACTA) was passed to post defense strategies to both victims and potential victims of identity theft. There are three parts to the law (2009 Identity Theft Statistics, 2009).
The scratch line part of the act entitles every person to a unembellished credit report once a year from the three credit bureaus Experian, TransUnion, and Equifax. Every person is also able to rate a fraud...If you want to get a full essay, swan it on our website: Ordercustompaper.com



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