When you're born, you're given a name which not only has meaning for you and your family, it also establishes your identity. Unfortunately, your name and identity are equally important to criminals who seek to take advantage of your name and steal your identity.
Identity theft is when someone wrongfully obtains and uses another person’s information in a fraudulent or deceptive manner. The personal information is typically used for financial gain. In fact, identity theft is the nation's fastest growing crime, according to the Identity Theft Resource Center. A recent study by the center showed seven million Americans become victims every year.
Ways thieves can steal your name and personal information:
Even if the thief is caught, victims often spend a lot of time and money clearing their name. If your identity is stolen, you can expect to spend an average of 600 hours over the next few years clearing your name, and an average of $1,400 in out-of-pocket expenses.
Identity theft can affect your financial security for years to come
The residual financial effects of identity theft can be long-lasting. Identity theft can have a significant impact on your plans to save and invest in your family’s financial security. Money you have earned for saving or investments, such as your retirement or your child’s education fund, may end up paying for these collateral costs:
In addition to the financial strain, identity theft can also leave emotional scars. Victims have often reported the same mental conditions which afflict victims of physical assault. Common feelings include shame and embarrassment.
Steps you can take to avoid becoming a victim:
Protect your financial future
We offer two types of protection:
Guidance from a trained professional
Your name is one of your most valuable assets. Contact me to protect you and your family’s financial security from the threat of identity theft.
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