Identity theft can be hard to detect and tough to recover from, especially if it goes undetected for years or decades. That’s why it’s more than important to protect yourself from identity theft by safeguarding your private information. In this guide, you’ll learn how to find the identity theft protection service that works best for you.
Things to Know Before Signing Up
Not all identity-theft protection services are created equal. Some will monitor and protect you from fraudulent activity on your existing accounts. Still, others can help monitor and protect you when you apply for new accounts online or over the phone. Therefore, it’s best to choose a service that monitors your existing accounts (bank, credit card, utility) as well as new ones. Also, look for services that include monitoring of any loans or mortgages in addition to credit cards.
Choosing An Identity Theft Protection Service
Do your research. Like any service or product, ID theft protection isn’t one-size-fits-all. Some companies protect only credit files; others provide other forms of coverage. Fees and features vary by company. Pick a service based on your needs to feel protected and secure—and what you can afford.
Types of ID Theft Coverage
There are several types of services that ID theft protection companies offer, each with varying levels of coverage. For example, some companies only help you deal with issues that arise after someone steals your identity. In contrast, others cover steps to take to prevent identity theft from happening in the first place.
List – Types of ID Theft Coverage
- Credit Freeze
- Wallet Protection
- Cell Phone Alerts
- Money Back Guarantee
- $1M ID Theft Insurance
- Social Security Monitoring
- Email & Text Alerts
- $1K Cash Reward
- Fraud Assistance
- Debit Card Monitoring
Most services include assistance for dealing with unauthorized charges on your credit cards and other bills, social security number monitoring, and recovery of your good name.
Ways to Mitigate the Risk Of ID Theft
Make sure that you’re not making it easy for a thief to get their hands on your identity. Always use different passwords on different websites (and if you’re going to write one down, don’t leave it where someone can find it). Use two-factor authentication whenever possible and ensure that your credit card information is never stored online. If you do see fraudulent charges on your account, contact your bank or credit card company immediately, as well as any sites where you may have placed orders.
The Thing to Keep in Mind When Looking for an ID Protection
Consider only reputable companies when choosing an ID theft protection service. Many firms offer these services, so it is essential to check credentials carefully. Try to find a company with a long history of providing financial protection against identity theft and recommended by people you trust. If possible, call at least three different companies for a reference before choosing one for your family or small business. Never pay for ID protection until you know all about it.
While searching for ID theft protection services, be sure to check IDShield. Gain peace of mind knowing you and your family’s finances, credit, and identities are being looked out for 24/7.