Identify theft. What it is – how to avoid it

Extract . . .

“Identity theft leading to identity fraud is a growing crime, but the risk is not as much of a threat as stated by those looking to sell ID theft insurance policies.
It works by fraudsters pretending they are you and then taking out loans, racking up overdrafts on your bank account, and applying for Credit Cards and any other form of credit in your name.”

Link
http://www.learnmoney.co.uk/credit-cards/id-theft.html