The potential risks differ depending on the theft type. Financial risks include a scarred credit history or a debt the victim didn’t accrue, which can further cause a denied loan, mortgages, or even deter you from opening a bank account. In criminal identity theft cases, you could get into trouble with the police about something you haven’t done. Medical identity theft is most dangerous in terms of potential consequences, because when doctors rely on wrong information from your medical records they can misdiagnose you or prescribe a wrong course of treatment.