Identity Theft and how thieves use stolen ID


What do thieves do with a stolen identity?  According to in rank form the Federal Trade Commission (FTC),  here are some uses: 

Once they have your private in rank, identity thieves use it in a variety of ways.

Credit card fraud:

  • They may open new credit card accounts in your name. When they use the cards and don’t pay the bills, the delinquent accounts appear on your credit report.
  • They may change the billing pocket up on your credit card so that you no longer receive bills, and then run up charges on your account. Because your bills are now sent to a different pocket up, it may be some time before you realize there’s a problem.

Phone or utilities fraud:

  • They may open a new phone or wireless account in your name, or run up charges on your existing account.
  • They may use your name to get utility air force like electricity, heating, or cable TV.

Bank/finance fraud:

  • They may make counterfeit checks using your name or account number.
  • They may open a bank account in your name and write terrible checks.
  • They may clone your ATM or debit card and make electronic withdrawals your name, draining your accounts.
  • They may pocket out a loan in your name.

Regime documents fraud:

  • They may get a driver’s ticket or official ID card issued in your name but with their picture.
  • They may use your name and Social Security number to get regime benefits.
  • They may file a fraudulent tax return using your in rank.

Other fraud:

  • They may get a job using your Social Security number.
  • They may rent a house or get medical air force using your name.
  • They may give your private in rank to police during an arrest. If they don’t show up for their court date, a warrant for arrest is issued in your name.

See;  http://www.ftc.gov/bcp/edu/microsites/idtheft/consumers/about-identity-theft.html