Question: Can Identity Theft Ruin Your Life?

How do you prove identity theft?

Complete IRS Form 14039, Identity Theft Affidavit.

Mail or fax the form according to the instructions.

Include proof of your identity, like a copy of your Social Security card, driver’s license, or passport..

Can employers steal your identity?

Common Types of Identity Theft A fraudulent company can easily search through these resumes and collect any personal information listed, including your name, address, phone number, email, and (if you list it) Social Security number and driver’s license number.

Is tax identity theft common?

Tax identity theft — the filing of fake tax returns using stolen identities — is a form of tax fraud that affects thousands of taxpayers every year. According to IRS identity theft data, in the first five months of 2017, approximately 107,000 taxpayers were victims of tax identity theft.

What are the long term negative effects of identity theft?

In its 2016 ITRC survey, 23 percent of ID theft victims surveyed feared for their physical safety, 39 percent experienced an inability to focus, 29 percent reported new physical illnesses such as body pain, sweating, and heart and stomach issues, 41 percent had sleep issues, and 10 percent couldn’t go to work due to …

How can I find out if someone is using my identity?

at 1-877-IDTHEFT (1-877-438-4338) or go to: www.identitytheft.gov/ To order a copy of your Social Security Administration earnings and benefits statement, or to check whether someone has used your Social Security number to get a job or to avoid paying taxes, visit www.socialsecurity.gov/statement/.

What happens when your identity is stolen?

Identity (ID) theft happens when someone steals your personal information to commit fraud. The identity thief may use your information to apply for credit, file taxes, or get medical services. These acts can damage your credit status, and cost you time and money to restore your good name.

What information does someone need to steal your identity?

How your name and address can lead to identity theft. Identity thieves are always on the lookout for personally identifiable information, or PII, that they can use to start piecing together a person’s financial world. This can include details like Social Security number, birthdate, or name and address.

What are the dangers of identity theft?

Identity theft can happen to anyone and lead to a number of problems. It can damage your credit and disqualify you from loans, stall your tax refund, and drain your bank account — to name but a few outcomes. In more severe cases, it can even get you wrongfully arrested.

Who does identity theft affect the most?

Three main age groups stand out among victims of identity theft: the elderly, college students and children. The Bureau of Justice reports the number of elderly victims grew by 25 percent between 2012 and 2014. In children, identity theft victims as young as 5 months old have been reported.

What is the first thing you should do if your identity is stolen?

What To Do Right AwayStep 1: Call the companies where you know fraud occurred. Call the fraud department. … Step 2: Place a fraud alert and get your credit reports. Place a free, one-year fraud alert by contacting one of the three credit bureaus. … Step 3: Report identity theft to the FTC.

Are identity thieves ever caught?

Identity thieves almost never get caught In a study done in 2006, “only 1 in 700 identity theft suspects were arrested by federal authorities (0.14%).” Just to provide some perspective and comparison, 44.3% of violent crime suspects were arrested as well as 15.8% of alternative property crimes.

How do you survive identity theft?

If you’re a victim of identity theft, follow these steps to protect yourself.File a claim with your identity theft insurance, if applicable.Notify companies of your stolen identity.File a report with the Federal Trade Commission.Contact your local police department.Place a fraud alert on your credit reports.More items…•

How long does it take to recover from identity theft?

6 monthsIdentity Theft Recovery Times The timeframe for getting back on track depends on several factors, including: Your willingness to put in the time: According to SANS Institute, identity theft recovery takes an average of 6 months and 100 to 200 hours-worth of work.

How do you recover from stolen identity?

Here are 10 steps to take if you feel that you may have been a victim of identity fraud.Notify affected creditors or banks. … Put a fraud alert on your credit report. … Check your credit reports. … Freeze your credit. … Report the identity theft to the FTC. … Go to the police. … Remove fraudulent info from your credit report.More items…•

How often are people affected from identity theft?

In 2019, 14.4 million consumers became victims of identity fraud — that’s about 1 in 15 people. Overall, 33 percent of U.S. adults have experienced identity theft, which is more than twice the global average. More than one in four older adults, aged 55 and over, have experienced identity theft.

Can someone steal your identity if you have bad credit?

Your Social Security number alone can be used to obtain fraudulent identity cards, bank and utility accounts and even some payday loans, whether you have bad credit or none at all. … Once a thief opens a utility or credit account in your name, there’s a good chance he won’t pay the bills.