A growing problem you can't afford to ignore
Report of findings from the Identity Theft Resource Center.
~More than one-half (57%) of the 2007 sample reported their personal information had been used to open a new line of credit in their name.
~In 2007, 62% of respondents reported thieves had committed financial crimes that resulted in warrants being issued in the victim’s name, more than 2 ½ times higher than in 2006.
~In reference to new accounts, respondents spent an average of $1,865.27 in out-of-pocket expenses for damage compared to $1,342 in 2006.
~As in previous years, credit issuers, utility companies and collection agencies continue to rate poorly in their handling of identity theft victims.
~Victims reported a number of additional problems including: increases in insurance rates, current credit card interest rates and criminal records not being cleared. The inability to get credit resonated with the majority of respondents (64%).
In addition, 53% have collection agencies still calling, 27% had credit cards cancelled (even though the accounts were being properly maintained), 18% said it affected their ability to get a job, and 14% reported tenancy issues.
-- This is only going to be a continuing concern and it won't get better before it gets worse.
Protect Yourself and Your Family.
~More than one-half (57%) of the 2007 sample reported their personal information had been used to open a new line of credit in their name.
~In 2007, 62% of respondents reported thieves had committed financial crimes that resulted in warrants being issued in the victim’s name, more than 2 ½ times higher than in 2006.
~In reference to new accounts, respondents spent an average of $1,865.27 in out-of-pocket expenses for damage compared to $1,342 in 2006.
~As in previous years, credit issuers, utility companies and collection agencies continue to rate poorly in their handling of identity theft victims.
~Victims reported a number of additional problems including: increases in insurance rates, current credit card interest rates and criminal records not being cleared. The inability to get credit resonated with the majority of respondents (64%).
In addition, 53% have collection agencies still calling, 27% had credit cards cancelled (even though the accounts were being properly maintained), 18% said it affected their ability to get a job, and 14% reported tenancy issues.
-- This is only going to be a continuing concern and it won't get better before it gets worse.
Protect Yourself and Your Family.
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