Commercial credit report

A variation of identity theft which has recently become more common is synthetic identity theft, in which identities are completely commercial credit report or partially fabricated. The most common technique involves combining a real social security number with a name and birthdate other than the ones associated with the number. Synthetic identity theft is more difficult to track as it doesn't show on either person's credit report directly, but may appear as an entirely new file in the credit bureau or as a subfile on one of the victim's credit reports.

Synthetic identity theft primarily harms the creditors who unwittingly grant the fraudsters credit. fair credit reporting act Individual victims can be affected if their commercial credit report names become confused with the synthetic identities, or if negative information in their subfiles impacts their credit ratings.[10] Medical identity theft occurs when someone uses a person's name and sometimes other parts of their identity—such as insurance information—without the person's knowledge or consent to obtain medical services or goods, or uses the person’s identity information to make false claims for medical services or goods. legit free credit report Medical identity theft frequently results in erroneous entries being put into existing medical records, which may in turn lead to inappropriate and potentially life-threatening decisions by medical staff.[11] Child identity theft occurs when a minor’s Social Security number is commercial credit report used by another person for the commercial credit report imposter’s personal gain. The imposter can be a family member, a friend, or even a stranger who targets children.[12] The Social Security numbers of children are valued because they do not have any information associated with them.

Thieves can establish lines of credit, obtain driver’s licenses, or even buy commercial credit report a house using a child’s identity. fact act

This fraud can go undetected for years, as most children don’t discover the problem until years commercial credit report later. Child identity theft is fairly common, and studies have shown that the problem is growing.