Re: Take that!
.e. the inability to resolve credit scams, inability to buy a home, rent a car, get a credit card, open legitimate bank accounts, investment accts., etc., etc. This nightmare can last most of a victim's lifetime and require thousands of hours of time and never be totally resolved
It can take rather a lot of work to untangle if has been left lying about, however a) All credit issues fall off credit reporting in 7 years if there is no activity* on that item. 5 years if the the report item is a positive (interesting that). Furthermore, at least in my experiences (my own and a pair of relatives) - clearing them up is a *legal* battle, but can be handled effectively and efficiently within about a year. It wasn't "free" but all things considered about $1200 in legal fees and about 5 months of back and forth, depositions, court filing and a series of requests from the legal beagles to the credit ratings agencies with nice legal stamps and seals got things sorted.
I'm not saying that these folks should not be prosecuted, but to claim that mucking up someone's credit rating fraudulently can affect their entire life is somewhat of an exaggeration.
* I'll note that one thing that had to be stomped on in a relatives case was having a loan agent, and a collections agent tag teaming back and forth with one fraudulent item. In that case it ended up not costing a penny since the claims court judge found in her favour, and made the agent and the collections "company" (an individual with about 11 different corp names) pay costs.