Identity Theft Can Cause The Next Financial Collapse, Are You Contributing to This?

Identity Theft Can Cause The Next Financial Collapse, Are You Contributing to This?

Free Online Articles Directory

Why Submit Articles?
Top Authors
Top Articles

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login

Login via

My Home
Sign Out



Remember me?
Lost Password?

Home Page > News and Society > Identity Theft Can Cause The Next Financial Collapse, Are You Contributing to This?

Identity Theft Can Cause The Next Financial Collapse, Are You Contributing to This?

Posted: Oct 22, 2010 |Comments: 0


What do you value the most?  Is it your money? Your Credit? What would happen if you woke up one morning and your money and credit was gone, stolen from you by an identity theft thief while you slept comfortably?

How would you feel if your child decided to buy their first car or apply for credit and your child is told that they have been denied due to bad past credit issues? You know your child has never applied for anything in their entire life. Scary thought right?

You have medical insurance to protect you if and when you get sick; you have car insurance to help you if that day comes around where you may be involved in an accident.

Why don’t you have identity theft protection for you and your family?

The majority of us go through our day without giving identity theft a single thought not even realizing that identity theft is the largest epidemic in our country today, but until you become a victim you wonder through your day believing that it could not happen to you and you don’t give a second thought that it might happen to one or all of your family members.

Wake up FOLKS! Identity Theft is real and here are the identity theft facts; there are hundreds of on-line businesses running up billions of dollars in fraudulent debts that will never be paid off. Authorities say the scheme could pose a new threat to the nation’s credit system. If people are committing enough credit fraud we will be facing another financial collapse.

With the tough economy that exists today people losing homes and jobs daily, many Americans have seen their credit scores plummet to new lows, according to the Sun Sentinel, In April 2010 figures show that 25.5 percent of consumers, nearly 43.4 million people now have a credit score of 599 or below (a bad risk for lenders) it will be difficult for them to get credit cards, auto loans and mortgages especially due to the new lending guidelines.

You’re probably thinking what does this have to do with identity theft? Well this creates 43.4 million potential people that identity theft fraudsters can target to sell your stolen identity information.

Computer savvy thieves and On-line companies are targeting our children’s school, Doctor office data bases and publicly available information to find random Social Security numbers the numbers are then ran through a public database to see if anyone is using them to obtain credit, if not the social security numbers are sold for hundreds or thousands of dollars . The majority of the numbers usually belong to young children that have no money or credit of their own, because children have no spending history this gives identity theft thieves the chance to open new lines of credit and these new lines of credit can go undetected for years. People that buy the numbers start to quickly build their  credit rating in a process called “piggybacking” which involves linking to someone else’s credit file. Businesses that sell the numbers promise to raise customer’s credit scores to 700 or 800 within six months.

 Identity theft statistics to be aware of

11.1 Million adults are victims of identity theft in 2009
Average victim spent 21 hours and $373 out of pocket expense for resolving crime
4.8% of the population was a victim of identity theft fraud in 2009
13% of identity fraud crimes were committed by someone the victim knew
Total Fraud amount $54 Billion

The synopsis to help avoid, prevent and not add to this epidemic is to get adequate identity theft protection for you and your family. Identity theft protection that will provide you with continuous credit monitoring to safeguard your personal information.  


If you become a victim of identity theft, identity theft protection will save you time and a lot of money. If and when your identity is stolen do you know where to start? Of course not! Do you know how much time and money it will take to restore your credit? I am sure most of us don’t! That’s why the key is to get you, your spouse and all the children protected against identity theft. You need an identity theft company that will provide you with a qualified investigator that will do all the negotiations with the lenders and creditors; this includes working with Social Security Administration, the U.S Postal Service and law enforcement personnel. You would also want to have identity theft protection that will proactively search applicable local and national databases to look for information that you may not be aware of. You must also have identity theft prevention that will correct all damages caused by theft and restore your credit. For more information visit: Visit PerpetrateNoMore

Retrieved from “

(ArticlesBase SC #3526330)

Watch your traffic increase just by submitting articles with us, click here to get started.
Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Clyde Whyte
About the Author:

My focus in writing these articles is to inform individuals and families of the growing epidemic in identity theft in the world today. I ask that you be vigilant and take all the steps to protect the future of you and your loved ones.


Questions and Answers

Ask our experts your News and Society related questions here…


200 Characters left

How many years for identity theft?
How many people are affected by identity theft a year?
How is identity theft accomplished?

Rate this Article


0 vote(s)




0) {
ch_selected = Math.floor(Math.random()*ch_queries.length);
if(ch_selected == ch_queries.length) ch_selected–;
ch_query = ch_queries[ch_selected];
ch_query = document.title;


Article Tags:
identity theft, identity theft facts, identity theft protection, medical insurance, economy, credit fraud, credit score, child protection, restore your credit

Related Videos

Latest News and Society Articles
More from Clyde Whyte

Learn about Identity Theft Affidavit

Learn about Identity theft and how to deal with it – What is an identity theft affidavit? (00:29)

How to Identify Identity Theft

Learn about Identity theft and how to deal with it – How can I tell if I’m a victim of identity theft? (00:52)

Learn about Identity Theft – Part 1

Learn about Identity theft and how to deal with it – What is identity theft? (00:44)

How to Avoid Identity Theft – Part 1

Learn about Identity theft and how to deal with it – What can I do to protect myself from identity theft? (01:18)

How to Deal with Identity Theft – Resources

Learn about Identity theft and how to deal with it – What are the best resources for dealing with identity theft? (01:14)

Communication, an ever-evolving sector

Communicating is certainly a primary need of human beings, and the development of means of communication is an evidence of this.

Francesca Tessarollol
News and Societyl
Jun 16, 2011

Statistics in 2010 Show Home Invasions Increasing Because of Failing Economy

A home invasion robbery is usually well planned or well thought out. Thieves usually know how to break into your home and what to look for once they are inside. If you are not at home, there is no chance of violence. However, if you happen to be in the house at the time of the break in, that’s a totally different story. We have had both situations in the past. Both involved teenagers. And the most scary one was when we were at home.

Lawanna Beanl
News and Societyl
Jun 15, 2011

How Do You Keep Yourself Safe From Harm On A Daily Basis?

I have read many times that it is important, especially for women and older people, to walk briskly with an air of confidence. That being said, it is sometimes difficult for older citizens, with physical limitations, to accomplish this simple task. I am an older female, but I am fortunate to be in good health and be 5′ 9″ tall, so that helps. But others are not so fortunate.

Lawanna Beanl
News and Societyl
Jun 15, 2011

The scourge of internal terrorism

Although, more people are resorting to outright violence in diverse forms to achieve their aims, whether good or bad. But are such terrorist acts ever justifiable as a rational measure in redressing any perceived injustices or wrongs to individuals or groups in a human society?

Gbenga Kayodel
News and Societyl
Jun 15, 2011

NASS of greed and conspiratorial leadership

Despite sundry other overwhelming allegations of financial misappropriation preferred against the leadership of both houses of Nigeria’s National Assembly (NASS) over time, a sorry, fresh case in focus is that involving Hon. Dimeji Bankole and Bayero Nafada, erstwhile Speaker and Deputy Speaker, respectively in last House of Representatives in the country.

Gbenga Kayodel
News and Societyl
Jun 15, 2011

Identity Theft Prevention, When Your Identity is Stolen, How Did You Feel? What Do You Do Now?

If you are aware of the growing identity theft epidemic and you tell everyone you know about the ways to get protected, identity theft will no longer be a threat that can cause the next financial collapse. Awareness and Prevention should be at the top of your agenda every day.
Folk’s identity theft does not only ruin lives financially, it can also cost you your life! Get protected! You work too hard to be a victim of identity theft.

Clyde Whytel
Home and Familyl
Nov 04, 2010

Identity Theft – Six Precautions to Take to Protect Yourself From Identity Theft

Learn about how serious identity theft is. Don’t be caught off guard. Protect you and your loved ones from identity theft now!

Clyde Whytel
Oct 22, 2010

Identity Theft Fact! Take These Steps To Not Be At Risk of Identity Theft

Awareness is the key to protecting you and your loved ones from identity theft; Are you protected? Are you informed on the precautions that you and everyone should be taking?
Don’t be the next victim!

Clyde Whytel

Oct 21, 2010

Prevent Identity Theft Now! What Everybody Ought to Know about Identity Theft

Identity theft should be the most talked about crime today. Because the Perpetrator of the crime do not use a weapon to cause physical harm or death the news and the government truly do not give this crime enough attention and the Perpetrators get away with a slap on the wrist, most of the time.
Folks this crime can cause Death, loss of all savings and totally devastate your life and the life of your loved ones. Read this article to learn how to avoid being the next victim.

Clyde Whytel

Oct 21, 2010

Add new Comment

Your Name: *

Your Email:

Comment Body: *


Verification code:*

* Required fields


Your Articles Here
It’s Free and easy

Sign Up Today

Author Navigation

My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box

Clyde Whyte has 5 articles online

Contact Author

Subscribe to RSS

Print article

Send to friend

Re-Publish article

Articles Categories
All Categories

Arts & Entertainment
Food and Beverage
Home and Family
Home Improvement
News and Society
Self Improvement
Sports and Fitness

News and Society

Causes & Organizations
Men’s Issues
Women’s Issues


Need Help?
Contact Us
Submit Articles
Editorial Guidelines

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Mobile Version

RSS Builder
Link to Us

Business Info

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by, All rights reserved.

My focus in writing these articles is to inform individuals and families of the growing epidemic in identity theft in the world today. I ask that you be vigilant and take all the steps to protect the future of you and your loved ones.

View full post on National Cyber Security