Yes. And banks know it. When a thief makes the monthly payments, the account looks perfectly legitimate on your credit file. No score crash, no alerts, nothing to tell you someone else is living in a house or driving a car tied to your identity.

Michael F. Cardoza, Esq.
Michael F. Cardoza, Esq.
Connect with me
U.S. Marine & Consumer Financial Protection Attorney helping victims of ID theft and Credit Reporting errors.