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The Real Impact of Identity Theft

There are many people aware of the existence of identity theft, but not many people know all of the negative impacts. Many assume it is as simple as being charged from a different state or a lack of security in their home wifi, but it can be far more aggressive with outcomes much worse. Below you’ll find a guide on how to protect yourself against identity theft, as well as the adverse effects it can have on your life.

Identity Theft Precautions

Identity theft is most often a crime that you can not see until it happens to you. In our increasingly digital world, there are more opportunities for criminals to take advantage of it.

Many people don’t even notice identity theft until they notice massive charges on their accounts or a negatively impacted credit score.

One thing you can do to proactively defend yourself is by shredding all important receipts and documents with any type of personal information on them. These are some of the most important pieces of information you need to keep protected:

  • Social security numbers
  • Bank account numbers
  • Credit card information
  • Home address

Results of Identity Theft

There are many different consequences of identity theft, including a drastically lowered credit score. Here is a list of possible impacts that can result from your identity being stolen:

  • Decreasing the speed of your tax refunds
  • Hurting job and career prospects
  • Making insurance costs for your vehicle rise
  • Gaining unexplained tax bills
  • Taking away opportunities for both public and private financial aid
  • Negatively affecting credits for Social Security income

These outcomes are far less than desirable, but the only way to prevent them is by being proactive. Do not hesitate to contact us today!

Contact Our St. Petersburg Team Today

Identity theft has the ability to leave your finances in complete ruin. At Boss Law, we understand the ramifications of unchecked identity theft, and we are prepared to help you take back control of your finances.

If you believe you may be the victim of identity theft, do not hesitate to contact us today through our website or give us a call at (727) 877-3188!