Identity Theft
Millions of people in the United States have been victims of identity theft. Many victimswill not know their identity has been stolen for months or even years. Victims of identity theftcan suffer problems like:
- Debt collectors filing lawsuits on debts from the identity theft
- Debt collectors freezing their bank accounts or garnishing their wages
- Negative credit reporting
- Having to go to Court to show that they were the victim of identity theft
- Having to file police reports to stop debt collection
Debt collectors and credit bureaus will ignore victims who tell them their identity hasbeen stolen, even when a victim is able to prove that the debt was not from them. Some debtbuyers even specialize in accounts they suspect may be fraudulent, buying them for pennies onthe dollar and then collecting them without any investigation into whether someone really owesthe money.