Identity Theft Protection | Identity Theft Stories - Why You Need Identity Theft Protection

Identity Theft Stories - Why You Need Identity Theft Protection

Filed Under Identity Theft Protection |

There are two cases of identity theft that have been in the news over the last month that are just heartbreaking. If each of these individuals would have had some sort of Identity Theft Protection, they and their families would be in a much better situation today.

The first is about an infant girl who was born in early January of this current year. She spent her first week of life in the intensive care unit with a heart murmur. Three weeks later she landed back in the intensive care unit of the same hospital with RSV. She spent a good two and a half weeks in the hospital before she was released and allowed to go home with her parents.

At this point she was about a month and a half old. She was issued her social security card shortly after she was sent home from the intensive care unit the first time. Her parents locked it up in their safe and though all was well until they went to their local bank to open her a savings and money market account. When the new account representative pulled her credit for the new account he was shocked to see three credit cards that were applied for and issued to this SSN. Each card had been maxed out and the family was positive that they amounts were never going to be repaid.

This family went to work to restore their new daughters credit before she would even need it. In working with the credit agencies and other officials, they were able to get everything cleaned up in about 45 hours worth of time. This story is sad for both the infant and her family. Too much time and effort was lost because her identity was stolen. This could have been prevented with a proper Identity Theft Protection game plan.

Now for our second victim. This family was devastated by identity theft when they went to apply for a home loan and were denied because of identity theft. Over the last five years this family had saved and saved for a down payment on a house. They had finally reached their goal, found a home that they fell in love with, and went to the bank to apply for the home loan. When the loan officer pulled their credit, they were not approved for the loan due to fifteen credit cards taken out in the head of the households name.

Each of these cards were pulled out, probably by the same individual over a two year period and all of them had been maxed out. With each passing month of a no payment on these cards this man’s credit score took a hit time and time again until it got to the point where he couldn’t even apply for a home loan. Needless to say, he began on the long path to restore his credit. It took this man over 150 hours of his personal time to restore his credit and finally obtain their home loan.

The sad thing is, they lost out on their dream home because by the time the credit had been restored the home had been sold. This is definitely a sad story and one that could have been prevented with the Best Identity Theft Protection plan, Lifelock.

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