No credit is no problem for identity thieves
“Bad credit? No credit? No problem!”
That popular phrase is typically attached to the end of a cheesy used car commercial, but now that quote is becoming the new slogan for identity thieves.
Millions of people don’t identity proof themselves because they believe since they don’t have good credit, they’re not targets for identity theft. That’s unfortunately a myth, and in some cases, bad or nonexistent credit can make you an even bigger target.
What a thief can do with your bad credit score
What’s important to remember is that some identity thieves might not even know what your credit score is. But if, or once they do find out your score, bad credit won’t deter them from using your identity, it just changes their strategy.
With bad credit, an identity thief can still get medical care, unemployment benefits and tax returns under your name. If the thief gets charged with a separate crime, they could even potentially use your info to put the charge under your records.
If you don’t even have credit, that could be worse
As anyone who was starting to gain independence in their life remembers, credit card companies are anxiously waiting for you to sign up with them. If you’re not going to take up the offers, then you can be sure that an identity thief will. And since you’re not frequently looking at your credit score, you could be racking up thousands of dollars of debt without even knowing.
The bottom line: don’t think that a bad credit score means you can get away from the risk of identity fraud. No matter who you are, identity proofing yourself is one of the most important things you can do to keep your future free from theft and fraud.