What could be worse? You apply for a new car loan and strangely you are declined. What is going on? You have always paid your bills on time, paid off all your previous vehicles, and never missed a mortgage payment. Yet somehow your credit does not warrant a car loan. Upon further investigation, you find that your credit report shows six different credit cards and charge accounts, all in default for non-payment. How can this be?
You are the victim of identity theft. Someone had gained access to your personal identification information and used this to acquire credit cards ...
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