Hello. Sign in to get personalized recommendations. New visitor? Start here.

Cheaters never prosper

by Emily Peters on 10/28/2005

Misuse of a deceased person’s financial accounts is a fairly common identity theft tactic. In this Oregon case, a woman purchased a lottery ticket using a stolen credit card belonging to her deceased mother-in-law.  The ticket turned out to be a $1 million dollar winner. But, if she is convicted of identity theft, she could end up with nothing.

This unfortunate case is a prime example of the importance of closing a deceased relative’s accounts and reporting their death to the credit bureaus. A few quick phone calls can help family members protect their deceased relative’s accounts from misuse. The credit bureaus can be notified by calling their identity theft hotlines and providing a copy of the death certificate.

Comments

Leave a Comment

About Us

Credit.com News & Advice provides readers with unique insight, helpful tips and straight answers about their financial world. Our leading experts explore credit, loans, debt, saving, and identity theft topics. Meet our credit & finance gurus.