How Does Credit Card Identity Theft Happen?
Credit card identity thieves don’t actually need your credit card to steal your personal information and rob you blind. Identity thieves are not beyond rummaging through your trash to find a carelessly thrown away credit card statement or sneaking in your mailbox to steal a bank statement. These documents give them all they need they go on a whirl-wind shopping spree – leaving YOU with the bill. When someone uses your credit card information without your consent or knowledge, this is called credit card fraud. However, credit card fraud is the gateway to a full-blown case of identity theft for most consumers. Details that can be obtained from your credit accounts can give these criminals the building blocks to build a complete profile on you – and then totally consume your identity ruining your good name in the process.
