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Identity Theft—What is it?

Identity Theft |
Joan R |
Jun 2007 |
181 comments |

Identity theft occurs when someone uses your personal or financial information without your permission to commit fraud or other crimes.  In other words, someone becomes you. This is a serious crime that takes many forms, and new techniques are being invented by cons all the time.

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about loanbits

Giving you the knowledge to make better choices

At loanbits we are trying to help people get an advantage on large financial services companies. Our target audience includes people who have limited credit, no credit or poor credit. These people are typically referred to as "subprime", "not credit worthy", or "unbanked". At loanbits, we prefer to call this group of people the "underbanked". There are a lot of underbanked people in the U.S. (with some estimates exceeding 70 Million adults!). "Underbanked" shouldn't mean "underserved". loanbits gives you the information you need to make better choices. Knowledge is power!