What is the most detrimental consequence of identity theft?
A)The loss of physical assets.
B)The loss of credit, reputation, and erroneous information.
C)Time lost in reporting the fraud.
D)The actual loss of money.

Question

Quizplus · Accepted Answer

While all of the choices listed can have negative impacts, the most detrimental consequence of identity theft is likely the loss of credit, reputation, and erroneous information. This can affect a person's ability to obtain loans, open credit accounts, and even impact their job prospects. It can take a significant amount of time and effort to correct the damage done to a person's credit and reputation.

What Is the Most Detrimental Consequence of Identity Theft