Identity theft and credit fraud seem to be a common dilemma in our society. After looking over the PowerPoint and doing research, I learned that identity theft can have more negative impact on your life than credit fraud. When your credit card is stolen, all a thief can do is max the card out or open another account. If you’re a victim of credit fraud, sometimes the credit card company alerts you of any unauthorized purchases or unusual spending amount, which prevents further damage from occurring. On the other hand, if you’re a victim of identity theft your whole identity is stolen. The thief has your entire life in his hands, which is a horrible feeling. They can open credit card accounts, bank accounts, forge your signature to buy a car
