Identity Theft has some very real wallet consequences, but thats not all it has to offer.

Spam Laws reports credit card fraud costs cardholders and credit card issuers as much as $500 million a year. But it's not always about the money is it? Here are some other reasons to protect yourself:

• 47% of victims have trouble getting credit or a loan as a result of identity theft
• 19% of victims have higher credit rates and 16% have higher insurance rates because of identity theft
• 11% of victims say identity theft has a negative impact on their abilities to get jobs
• 70% of victims have trouble getting rid of (or never get rid of) negative information in their records
• 40% of victims experience stress in their family lives as a result of displaced anger and frustration over the identity theft
• 45% of victims feel denial or disbelief
• 85% of victims anger and rage
• 45% of victims feel defiled by the identity thief
• 42% of victims feel an inability to trust people because of the identity theft
• 60% of victims feel unprotected by the police

And don't think because you don't have a high credit limit it won't matter to you. Most cyber criminals are after quantity, not quality. They seek out anyone and everyone who is easy to target. And, as the above shows, you are in for more than just a lighter wallet.