1. Stealing mail
Identity thieves can steal bank statements, credit card statements and credit card offers that have been sent to you. This theft may occur when people open a mailbox. Identity thieves can also fill out an address change form and send it to your bank so that the bank can send you your credit information via email.
Skimming
Skimming is the process by which identity thieves use ATM machines to steal credit card information. Identity thieves connect data storage devices to ATMs so they can gather information about your identity. The storage device retrieves information from the credit card each time his or her card is inserted into the teller machine.
3. Computer hacking
Identity thieves can hack into a computer and get information about your credit file.
4. Collusion with unethical bank employees
The thief can also pay to some bank employees to disclose information about the customer's credit card.
5. Fraudulent email
An identity thief can send you an email asking you to confirm some details about your credit card transaction. In most cases, people send messages to them without any doubt because their domain names are similar to those of a bank or credit card company website. Looks like a real email.
6. Physical theft
In this case, identity thieves steal credit cards directly from people. For example, they can steal your wallet or wallet.
How does identity theft affect your credit score?
Identity theft can affect your credit score in a number of ways. First, identity thieves can make exaggerated purchases in your name, which may leave you with a high bill and you may not be able to pay. Failure to pay bills usually results in a low credit score.
Second, identity thieves can imagine all the transactions they make with your credit card. Therefore, you will not know about these transactions, and the deadline for paying off the notes may pass the unpaid bills. High and unpaid bills result in low credit scores.
Third, identity thieves can use your credit card information to open an account in your name and then trade from those accounts. The bills in these accounts will be charged by you, and your credit score will drop as you may not know these bills or you may not be able to pay them due to financial restrictions.
Finally, identity thieves can use credit card information to withdraw all funds from your account. This may make you financially delayed and unable to pay your bills. Failure to pay your bill will result in a low credit score.
How to do identity theft
Identity theft is costly. When banks and creditors find that your credit report scores are low, they may hesitate to give you a loan. In addition, if your credit score is low, a car insurance company may insure your car. Identity theft will not only affect your relationship with creditors and insurance companies, but also your relationship with future employers. Some employers may hire you if your credit score is low, as this may describe you as irresponsible. In addition to everything, if your credit score is poor, your landlord may also doubt your ability to pay rent.
Due to the adverse effects of identity theft, once identity theft is discovered, action must be taken to correct the identity theft. You should call your credit card company immediately to remind them of your identity and ask them to cancel all affected credit card accounts. Second, you should submit an identity theft report to the police and then send a copy of the report to each of the three credit reporting agencies. You should also inform your creditors that you have become a victim of identity theft. In addition, you should file an identity theft complaint with the Federal Trade Commission.
Orignal From: Correct identity theft immediately when you detect it
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