In today’s modern times, a person’s credit history and rating is extremely important. People spend their entire lives doing the right things, building strong credit, so they can get lower-interest loans, purchase homes, finance their children’s education and so on. Try living without credit.
Your personal information is gold. Yet it’s the most vulnerable possession you own. I find it incredible and frustrating that I can do little to prevent someone from obtaining my personal information and ruining me financially.
Victims realize the systems are difficult to navigate once their credit has been used. It can take years to clean up the mess. This vital personal information is stored in thousands of electronic files and is being lost and stolen at an alarming rate.
Experts do have recommendations on how to minimize your exposure, but in reality, we have little control. We must develop a better system.