Many people do not realize that there are different types of identity theft. There are indeed several ways in which the identity thief can take advantage of your personal information, while leaving you to deal with the repercussions. Here’s what you need to know about the 5 types of identity theft.
The type of identity theft you are probably most familiar with is Financial Identity Theft. It is when the thief uses your information to set up financial accounts in your name without your permission or knowledge. The thief may obtain credit cards, loans, merchandise, homes, vehicles, vacations and more, all in your name. Financial identity theft can definitely cost you thousands of dollars in debt, not to mention the painstaking process of clearing your name and credit.
Another type of identity theft is Medical Identity Theft wherein the thief uses your information to obtain health and other medical benefits and services. Being a victim of medical identity theft can result to fraudulent billing and having erroneous medical files. Your ability to get a health and life insurance may also be affected. Imagine the nightmare of having an actual medical emergency and having your insurance company refusing to cover the bills as […]

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