Posted by: Collin Eli in Untagged on
Dec 09, 2008
The housing market crisis in the US has brought increased awareness of how people legally and illegally “game the system,” leveraging a house’s equity in ways that range from being ill-advised (getting loans you can’t pay) to illegal. While there are many other sites that discuss the current state of mortgage loans and using your house as collateral we’re going to look at from an identity theft prevention perspective. This builds on our previous article on mortgage fraud and identity theft.
Posted by: Collin Eli in Untagged on
Dec 09, 2008
Like it or not, you are the first line of defense against identity fraud. Identity theft works for criminals because the default responsibility lies with you, the consumer. By the time you manage to convince financial institutions that you’re a victim the perpetrator has normally already profited from your name and credit.
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