Impacts of Card Fraud and Identity Theft
Effect On your Life
If you are a victim of any of the criminal activities just described, the effects on your personal life can be tremendous. These can range from the destruction of your personal assets to the use of your identity to commit crime. The impact to a victim is very costly and time consuming, and in some cases, long-lasting. The results to a person who has been a victim of identity theft or card fraud include:
| • Denied credit or a loan • Negative impact on your credit record • Garnished pay • Inability to secure employment or promotion • Warrants for an arrest • Calls from collections agencies • Emotional impacts from being a victim of a crime |
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Resolving Card Fraud and Identity Theft
If you are a victim of card fraud, the time and money involved to resolve the problem can be significant. In most cases, it may force you to work with many different entities to address the issue, including:
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• Credit Issuers • Financial Institutions • Utility Companies (Cellular, Phone, Cable, Energy) • Collection Agencies A staggering statistic from Javelin Research points to the fact that while nearly half of victims identify these crimes within 3 months from when they occur, some are not found for more than the two years, resulting in the victim’s lost time, money and emotional damage. |
So what can you do to protect yourself from card fraud and identity theft?
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The Secure Identity Visa Prepaid Card provides a great solution that puts you in control of your money by giving you the power to decide when your can be used and which transactions are approved. |
| Click here to learn how the Secure Identity Visa® Prepaid Card can protect you from card fraud | |
