With the notion of identity theft popping up in advertising, websites and among your friends and coworkers, you've probably heard all about its horrors. Facing the possibility of your information being used to rack up huge bills or someone impersonating you to get out of a tricky legal situation is a terrifying thought. You have likely heard anecdotes about identity theft, but there are some myths floating around that you should investigate further to avoid unnecessary panic and to better arm yourself against the possibility of fraud.