Frequently Asked Questions

The concept of identity theft can be very frightening for consumers, particularly those who are trying to apply for a mortgage and just learned that an identity thief had ruined their credit. But fortunately, there are strategies consumers can employ to prevent major identity theft and protect them in the future. Here are some of the most commonly asked questions regarding identity theft and identity theft prevention:

What is identity theft?

Identity theft occurs when a thief illegally assumes the identity of an unknowing person. This commonly occurs when a thief opens a credit card or other consumer account using the name and personal information of someone else. Identity theft has affected millions of Americans in one form or another. If your identity is stolen, your credit score can suffer - which means you could be denied an application for a loan in the future. It's imperative that consumers keep track of their credit reports and identity. This is why identity theft prevention services are so popular - a third party monitors and protects your identity for a nominal fee.

What is MajorIdentity.com?

MajorIdentity.com is a service that helps consumers regain control of their identity. Whether your identity has been stolen or not, it's always wise to use the services of an agency such as this one. For a nominal monthly fee, your identity is protected 24 hours a day, 365 days a year. If any suspicious activity occurs in relation to your credit accounts or credit report, the service immediately takes action on your behalf. It's like having your own personal protection service! If you incur any losses as a result of identity theft while you're under the service's protection, your losses will be covered up to $1 million. This means you can feel safe and secure.

What happens if my identity is stolen?

Consumers have their identities stolen every day and don't even know it, which is why identity theft prevention services are so vitally important. With someone assuming your identity, he/she can open various credit accounts without your knowledge. As the account is stolen, it's almost certain that the thief will run up the balance and never make a payment. This means that your good credit, the score that you worked for years to achieve, can be damaged in the matter of weeks. Often, consumers realize this has occurred when they try to open a new credit account or apply for a mortgage. This is why an identity theft prevention service is so important - it will make sure your good name remains in good standing.

What can I do to keep my identity safe?

Regardless of whether you decide to use an identity theft prevention service, you should always check your credit report every year. Protect your personal information such as your Social Security number or your mother's maiden name. Only give out personal information when it's absolutely necessary - and don't feel shy about refusing to provide such information if you think it seems suspect. If you enlist the services of an identity theft prevention company, your efforts will be multiplied as you can be confident that your information is being protected every second of the day.