ID fraud is becoming a more and more prevalent cause of some consumers debt problems. A new study by home insurers LV= has reavealed figures that are quite worrying!
Up to half a million consumers have been blacklisted as a result of identity theft, and that figure could double by 2014. With an average fee of £2100 legal fees to clear their name, it seems difficult for consumers not to fall into debt management problems.
John O'Roarke said the last ten years have seen "a massive increase in the number of people targeted by fraudsters". He added "(this illustrates) the importance of vigilance in protecting personal information and monitoring for any problems that might prove to be a symptom of identity theft".
6000 people took part in the study, of which 27% said they had failed to secure credit due to mistaken identity. This is bad news for consumers already suffering with debt problems, and could lead to more and more peole seeking the help of debt management companies such as MRA Debt Help.
Thank you for taking the time to post this information. It's sad but true. You must really be careful with all of your personal information - you just never know who will get their hands on it. Thanks again.