Identity theft is life-changing; you are no longer yourself when it comes to your credit because someone has taken over your "credit life." That doesn't mean they start paying your bills; oh no, they start charging food, clothes and gasoline to a credit card in YOUR NAME. The good credit you've built up over the years is destroyed and it could be years before you totally eradicate the ramifications.

Last year over eight million Americans were victims of identity theft. It seems as though our wallets are recepticles for any small thing that'll fit. We literally carry our lives in our wallets; many of those things are important to the smooth functioning of our lives, and those are the kind that are financial in nature.

So, if you don't want to fall prey to an identity theif, take a look at your wallet.

CategoriesCredit & Debt