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When someone steals your Identity and buys say 1,000 woth of stuff before you find out who it is Do you get your money back after they go to Jail?
Afraid not….if it’s a credit card, then there might be an insurance policy on that that refunds your money in case of theft, but generally, once the money is gone, it’s gone.
When my moms identity was stolen someone spent thousands of dollars out of her checking account, the bank did replace her money but it took months of headaches and conversations on the phone with the bank and it wasnt an easy process.
Yeah, usually the bank will refund the money or the credit card will remove the charges. It’s a pain, but yes.
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