How do
identity thieves obtain your information and what do they do with it?
Not exact matches
Identity theft occurs when a
thief obtains — and illegally uses — your identifying information, such as your Social Security number (SSN) or your credit card or checking account numbers, to open new credit accounts and apply for loans in your name.
If your
identity thief is aggressive and gives no indication of ceasing to use your
identity to
obtain credit, consider using the security freeze to reduce access to your credit file.
If an
identity thief has
obtained a student loan in your name, report it in writing to the school that opened the loan.
In 2005, this happened on a grand scale: Ambitious
identity thieves set up fake businesses specifically to
obtain credit reports from consumer data broker ChoicePoint, and ultimately gained access to up to 160,000 records.
Stephen Massey, a notorious
identity thief, directed a large - scale
identity theft ring and used this exact method to
obtain personal information about his victims and ruin their credit.
How bad the damage will be will depend upon how extensively the
thief used your
identity in order to
obtain credit and other benefits.
Although you may realize that you have exposed your personal information and made it easily available to
identity thieves, you will never know the total extent of the damage that the
thieves have caused without
obtaining a copy of your credit report.
If it's true, then your card or account numbers may have been
obtained through any number of ways;
identity thieves may use every means at their disposal, from credit card skimmers to buying your numbers from illegal sources.