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if youre information is stolen, thieves could max out credit cards and spend all of your money

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This type of identity theft often uses two different people to cause harm, and uses one persons information while using another persons information.

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Thieves who use this may try to defraud the government, create documents, commit crimes, and apply for loans

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Effects of Insurance Identity Fraud can cause someone else to have difficulty in settling payments, potentially higher premiums etc...

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Thieves who use this information may use it to make false claims.

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The person using the false information can take away benefits from other people, they can also defraud the government, and falsify sensitive information

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The person using the identity can make use of the stolen ID to make a criminal record in someone else's name.

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This type of Identity theft often uses someone else's identity to escape from criminal convictions .