The last thing you need right now is to find out that your identity has been stolen, and the person that has stolen it has taken out a huge loan in your name. This leaves you responsible not only for finding out who stole your identity and preventing further action on your credit ability, but for paying off the loan that isn’t even yours to begin with in the mean time until someone does figure out who did it.
There are a few things too look for when you think that maybe your identity has been stolen and faulty action has been taken with your credit. Many people can go for months without even realizing that they have been a victim of fraud. However, if you monitor your credit carefully by looking for these warnings, you can catch the identity thief more quickly, or avoid it altogether.