Having experienced this myself (our dad ran up 108k on various things on my credit) thought to give everyone a updated post regarding this. Just one of the reasons I love being a notary. Onto the story:
More than a quarter of the reports of identity fraud filed in the past six years involved people attempting to co-opt the identities of relatives, according to a recently released federal report.
The total number of identity fraud reports submitted to the U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) dropped 9 % last year, but still represented more than a two-fold increase since banks and financial institutions were required to start reporting identity fraud.
In 27.5% of the cases, criminals used the identities of relatives to take out fraudulent loans or open new credit cards accounts.
Hope this helps everyone to pay attn to their own credit reports here is the link for the yearly one you get free from the gov http://www.ftc.gov/freereports
Warmly,
Tonie Boaman
www.DashNotary.com
Mobile Notary Open 24/7 ~ We Accept Credit Cards!
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