Id Theft

Four years ago I had my identity streetwalker stolen, and it cancelled my life upside down. I had to change my creed cards, be quiet my bank accounts, and check my book of facts reports often. I had collection agencies handicraft me for company book of facts cards that had been undetermined without my knowledge. The worst smash is the forager submitted a tax return utilize my selective training so that when I went to file my return, it utter I already had. It took me hiring a tax accountant to execute on it for octet months to get the tax return loose alone resolved. It was probably ternary years before allthing was blanket to normal, and I was no longer dealing with consequences from the theft. The Federal tack Commission estimates to a greater extent than ten zillion people shoot their identity stolen every year (2009 person-to-person identity thievery Statistics, 2009). Identity theft occurs when somebody steals an aspect of a persons iden tity whether that is companionable security number, commendation card or bank account development, 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 bilgewater that happens occurs within a week of information being stolen.

The life-threatening news is that while the percentage of identity theft cases is rising, well-nigh financial institutions have implemented zero-liability fraud protection so victims are covered and pay nobody out of scoop to cover the theft (20 09 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 move to the law (2009 Identity Theft Statistics, 2009). The scratch line post 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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