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How Identity Theft Impacts Your Credit Score

Because thirty-five percent of a person’s credit score consists of payment history, an identity thief who steals someone’s Social Security number to open fraudulent accounts can cause that person’s credit score to plummet if these bills go unpaid.

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great post!

Francis from Chicago, IL - 05/08/2010 12:51:40

Very well said. It our own responsibility to protect ourselves from indentity theft. Just imagine all that you worked for to keep your credit score up and one fraudaulent account can ruin it in a snap. I have invested in a program called LifeLock with protecting personal sensitive infos from identity thieves. I got it from ratenerd.com, you should all check it out!