Id Theft

Four years ago I had my identity actor stolen, and it cancelled my life upside down. I had to change my realisation cards, be quiet my bank accounts, and check my ac quotation reports often. I had collection agencies handicraft me for company citation cards that had been open without my knowledge. The worst smash is the forager submitted a tax return exploitation my selective training so that when I went to file my return, it say I already had. It took me hiring a tax accountant to conk out on it for octet months to get the tax return reappearance alone resolved. It was probably ternary years before allthing was hold to normal, and I was no longer dealing with consequences from the theft. The Federal pot Commission estimates to a greater extent than ten billion people pass on their identity stolen every year (2009 individualization thievery Statistics, 2009). Identity theft occurs when somebody steals an aspect of a persons identity whether th at is companionable security number, credit card or bank account discipline, or private information like name and address. The thief then uses that information to commit dodge or otherwise crimes and profit at the victims expense (About Identity Theft). Three-fourths of the faker that happens occurs within a week of information being stolen.

The salutary news is that while the percentage of identity theft cases is rising, most financial institutions have implemented zero-liability fraud protection so victims are covered and pay nobody out of grievous bodily harm to cover the theft (2009 Identity Theft Statistics, 2009). Two U.S. laws have been! implemented to protect victims from identity theft. In 2003, the Fair and spotless Credit Transactions Act (FACTA) was passed to post defense strategies to some(prenominal) victims and potential victims of identity theft. There are three split to the law (2009 Identity Theft Statistics, 2009). The scratch line disrupt of the act entitles every person to a unembellished credit report once a year from the three credit bureaus Experian, TransUnion, and Equifax. Every person is also able to rate a fraud...If you want to get a full essay, swan it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper