There are many different types of credit card fraud which are unfortunately more common than people think. If your credit card is compromised, your credit score could take a hit, and you could spend years trying to repair the damage done. If your identity was stolen as well, it can upend your life.
Credit Fraud - Identity Theft
Consumer Rights Law Firm Serving Clients in Chicago, Illinois, and Nationwide
If you've been a victim of identity theft, you may wonder if your credit score is safe. Unfortunately, identity theft often does negatively affect your credit score. Luckily, there are steps you can take to fight identity theft and repair your credit score.
Most people in America have one or more credit cards that they use on a regular basis. Unfortunately, this widespread use of credit cards opens the door to all manner of credit card fraud. Credit card fraud can be committed by card companies, merchants, and even individuals who steal your information to make fraudulent purchases.
With identity theft affecting millions of Americans per year, it is imperative to take steps to protect yourself. Check out this infographic to see if you're making common identity theft mistakes:
According to the Bureau of Justice Statistics, about 7% of people over the age of 16 in the United States are victims of identity theft every year. While this may seem like a relatively small number, it is anything but small to those who fall victim to this terrible crime.