Not wanting to be disrespectful but that's bs. Both my wife and I have had our ID's stolen with credit cards and loans having been taken out in our names without our knowledge. We are still trying to clear up the mess the thieves created. We are of the belief that we are to "owe no man nothing" as the scriptures say but when some sleazy creep becomes you and begins to use your ID to buy homes, cars, businesses or any other merchandise you, not him, are responsible for the debt. The authorities will hunt you down and charge you with all kinds of crime not the least of which is fraud. And they will throw you in jail.
Used to be you were innocent until proven guilty but with the current credit reporting agencies, IRS and the communists that have taken over our once great nation you are now guilty until you prove your innocence. It took my mother in law 2 and a half years to prove that she hadn't purchased and run a daycare center in San Diego. Some ID thief ran up $150,000 in debt in my mother in laws name then went back to Mexico before anyone knew what was going on.
Don't be deceived. The three credit reporting agencies collect every scrap of data they can get their creepy little hands on. They don't verify s*** then they sell that s*** to anyone dumb enough to pay them for the bogus information. And please... Don't anyone try to tell me that all you have to do is XYZ and it will all be cleared up. The credit reporting agencies may pull something off your report but six months later it will return or.... The will leave the claim against you to stand with whatever rebuttal you may submit to them still on your report. Remember... They get paid for every byte of data, true or not, that they can produce on you.
The problems with the credit reporting agencies and their unwillingness to check and verify what they are selling caused my wife and I, former property managers, to stop using their services. We would get applications from people wanting to either rent or to buy a property, pull their credit reports and then check out the data. Nine times out of ten, after doing our own research with the data the applicants provided (i.e. - Job history, place of residence, banking information, etc.) and the data the big three credit reporting agencies provided we found that it was more cost effective to dump the credit bureaus and do our own checking. We also found that we ended up with better buyers and tenants by NOT using the credit bureaus....
Forgive me. I don't mean to get started and to rant like this. I seriously could go on all day about the credit agencies and their fraudulent system and the dangers they pose to you and everyone else in this country.
Sorry to hear your story, quite shocking that they will prosicute someone who is innocent, with the excuse of some other thief. Seems thieves come in packs.
But in my case, after having no debt for years, I can’t get a discount card at a store. The sales people assure me that everyone qualifies, but I never do. At my level of credit rating, hovering around zero, I dont think anyone could open a loan for a hamburger in my name.
I have not taken out a loan or any payment schedule for 25 years. I would be curious to see what a credit agency would come up with under my name.