How Does Identity Theft Threaten My Credit Score
Identity theft can ruin your credit score. Your credit score is calculated by assessing your relationship with lenders and determines how much of a risk banks believe you pose to them if you borrow money. If someone uses credit as a vehicle to steal money from lenders under your name, your credit score may bottom out.
Identity theft can be protected against by using products that offer reports on your credit score and the activity on accounts monitored by the credit reporting agencies. These products are diverse and come in all levels of detail, some of them with insurance policies against identity theft. They also allow you to work toward improving your credit score by giving you information about what activity on your account raised and lowered your score at any given time.