What are some of the more serious possible consequences of identity theft?

According to the Federal Trade Commission (FTC), victims of identity theft may have thousands of dollars in debt incurred in their names, and may have a poor credit history. They may face denials of loans and mortgages, and be refused employment. They may also be unable to open a bank account, and may need to spend months or years attempting to resolve economic mistakes and issues.

Identity theft can also have potentially life-threatening consequences. Identity thieves can commit medical fraud by assuming the identity of individuals in order to access prescriptions or medical treatments. The victim may have difficulty securing prescriptions because the identity thief is obtaining prescriptions under the victim’s name.

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