Identity Theft Does Not Depend on High Credit Scores

It is a fact that most of the times people who steal your financial information or not really stealing your identity. They are people who want certain financial information such as credit card numbers. They get this by rummaging through trash cans, stealing wallets and purses and by breaking into people’s cars. This kind of a crime is committed against kinds of people and is not targeted to people with high credit scores. As any other thief, even an identity chief that its people based on the professions and income assuming that that these people will have high credit limits owing to their high incomes. A person trying to steal your credit card number or other financial data for the purpose of charging your account illegally is not really a true identity thief. He rarely uses the information credit card number that he gets by finding a discarded billing statement to make unauthorized purchases. This information is then quickly discarded and not used again in order to minimize the risk of getting caught.

However true identity thief who steal information in order to commit other kinds of illegal activities such as using your identity to get a job, Comet government benefits fraud, establish a fraudulent online auction scam or apply for pay the loans. None of these activities require an enquiry into the credit report of the consumer.

An identity thief also tries to apply for new credit and opened new accounts using your credit report and your personal information such as your name, address and Social Security number, having no intentions of ever making the payment on the loan account and having you suffer the consequences of having a non-paid credit accounts show up on your credit report. They simply hope that the person whose identity they have stolen has a good credit score in order to make the process of opening fraudulent accounts as fast and easy as possible but they hardly ever verify the credit score of a consumer before stealing the information.

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