How identity theft affects your life can be a scary thing. Whatever the way in which identity theft occurs, the impact can be big. One thing that all victims of Identity Thieves agree upon is that it makes you feel vulnerable. Having your identity stolen is a personal violation for most people, because their private information has been accessed and used without their permission. Identity Theft victims are not only victimized by the person stealing their identity, but are often victims of poor service and consideration by the credit bureaus and investigating police departments as they try to restore their lives.
When your identity is stolen, it also affects your credit report. Identity Thieves often steal your information with the intent of opening new credit accounts in your name, but have no intention of paying those bills. Opening of these new credit accounts is going to affect your credit. Even more serious is that some of those outstanding bills may go into collection. Victims of Identity Thieves often do not realize that their identity was has been stolen, until they attempt to purchase a car or a home. They find out they can’t purchase these things because their credit has been ruined.
Identity theft may not just affect the financial aspect of your life, it can also affect your personal life in other ways. Some criminals steal other people’s identity so that they can commit crimes under somebody else’s name. When someone commits a crime under your name, it can affect your chances of getting any job that requires a security clearance or a clean police record. Even worse, you may be arrested for the crimes that the thief committed. Until everything is straightened out, you could wind up sitting in jail for an extended period of time.
Identity theft can also affect your medical history. An identity thief, using your identity, may seek treatment at a local hospital. This may result in a large number of unpaid medical bills to deal with. The increase in use of medical services may also cause your health insurance rates to increase. In addition, when people are treated using your identity, their medical history and/or conditions may be merged with yours. If it is minor stuff, such as burns or colds, it won’t affect your health records much. On the other hand, if they are diabetic, have AIDS, have cancer, or any other serious medical condition, that can have a large impact on your health costs.
Identity Theft can affect your entire life, from your financial health to your medical health. The best way to prevent this from happening is to learn how to prevent the theft in the first place.