Those who have been victims of identity theft will tell you that it took a long time to emerge from their travails even after they had made a report to the authorities. The consequences are far-reaching and hard to live with. A lot of people will tell you that it took years for them to take care of unpaid bills from cards used by strangers . Others will give you a sad narrative of just how hard it was to finally be able to buy a home. The list of problems that come along with this kind of incident cover every aspect of our lives, and it is important to know how it hurts you in order to take the necessary precautions.
Here is how identity theft harms you:
1. Gives you a criminal record
Criminal identity theft is one of the worst forms of theft out there because your documents can be used by a criminal to pass off as you. When this happens in traffic stops and police bookings, you end up with a rap sheet that implicates you for crimes you have not committed. A lot of people get these kinds of issues ironed out at the end, but by then, the damage is already done.
2. It damages your prospects of landing a good job
In today’s job market, employers are swamped by too any applications for jobs and will narrow down their lists using every single justifiable parameter they can lay their hands on. This explains why a lot of them will take a look at your credit history. If they notice inconsistencies that have been caused by someone stealing your identity in the past, then chances are that they are going to skip right over and find the next applicant.
3. Raises your car insurance premiums
Insurance companies are especially keen to know what your credit score is. Even if you present an argument to the effect that someone else caused the damage ,chances are that no one will believe you until you use the required procedures to clear your name. Of course, your auto insurance carrier will not turn you down because of a negative report but they sure will jack your interest up a notch.
4. It makes you a victim of identity cloning
Some people will essentially take over your life. They will pretend to be you when they go to the doctor’s, when they sign up for classes and when looking for work. They end up ruining every single aspect of your life and cross over to your reputation. Everything suspect they do will be logged next to your name, and it becomes difficult for anyone to tell if you are who you claim to be.
5. It affects your health
When someone identifies themselves as you in any medical facility, information on their health is filed in your name, and their health history becomes yours. This state of affairs can turn tragic if you showed up in the future and needed treatment, because you stand the risk of being treated for the wrong ailments.