Sunday, September 06, 2009

My Safe ID says that the average victim loses $500 out of pocket despite best efforts

A site called “My Safe ID” now claims that there are 10 Million identity theft victims per year, and that the average victim, despite his best restorative efforts, will incur a $500 out of pocket cost, and about 70 clock hours spent. The link is here. It’s true that the site seems to be selling a protection service.

Most creditors will work with victims to clear accounts, but there is a “guilty until proven innocent” mentality with collection agencies and creditors, according to the article.

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