With the digitization of the banking services, the credit card industry has been growing at an unprecedented rate. According to some reports, an average American Household has at least one credit card in use and according to a survey, approximately 81% households in the United States use a credit card.
This report shows that every day more and more people are being inclined to get a credit card due to its many benefits. However, with benefits, credit cards come with some disadvantages as well. Huge debt and identity theft being on top of the list. As credit cards allow people shop with the money that basically isn’t theirs, it allows thieves to take advantage of this and commit fraudulent activities by identity theft. According to FBI, 350,000 up to 500,000 cases of identity theft are reported in the U.S. every single year. This is an alarming number and people need to be made aware of this fraud.
So, what is identity theft? It is when unscrupulous people illegally use your information (social security number, financial data) for their own personal benefits. This happens when the victim discloses his or her personal information to these thieves and ends up in a financial debt hole. Therefore, it is pertinent to know how to avoid identity theft. Here are a few steps that you can take to avoid it.
Should you have any questions regarding credit repair please feel free to contact us at 1-833-353-9273 or firstname.lastname@example.org. Our friendly Credit Specialist are standing by and waiting to address any of your questions or concerns. Don't hesitate call today!!!