According to The New York Times, homeowners who have significant equity in their homes may be well-advised to check their credit reports frequently. Identity thieves have recently begun targeting individuals with good credit because they often have substantial untapped home equity and large, open lines of credit.
A home equity line of credit is an ideal vehicle and a favorite option for criminals because a line of credit is almost as easy to open as a credit card account as long as a criminal has the proper financial information of their victim.
No comments:
Post a Comment