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Do I have to pay bills that identity thieves run up in my name?
Thanks to federal credit fraud law, you don’t have to pay more than $50 in direct damage from identity thieves. Credit card and other companies that wrongly extend credit in your name must make the thieves pay up or take their losses, minus $50 they could ask from you. (Many creditors never ask for that $50.)Identity theft costs you enough indirectly, from credit damage and embarrassment to the time and money spent fixing your credit record and convincing creditors that you have been wronged.Return to Questions
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