What is a consequence of being a victim of identity theft?

Being a victim of identity theft often leads to fraudulent accounts and charges being opened in the victim's name. This means that the individual can face several charges and debts that they did not accumulate, severely impacting their financial situation. These unauthorized transactions can result in significant stress, the need for extensive efforts to rectify the situation, and potential long-term damage to credit scores.

While loss of job opportunities can be a fallout from credit issues, it is not as directly linked to identity theft as the unauthorized charges are. Having access to personal savings is not affected negatively by identity theft; in fact, victims may need to rely on their savings to resolve issues. Improvement of a credit score is certainly not a consequence of identity theft, as the unauthorized charges would likely lead to a decline in credit standings. Therefore, the primary and most direct relationship to identity theft is the victim facing charges they did not initiate.