Identity theft is one of the world’s fastest growing crimes. It is a field that is inexpensive to learn and does not require special skills. This is why many people are investigating different ways of identity fraud protection online.
Consider ID Theft Protection
In today’s world where technology is quickly evolving, the internet is also quickly becoming more and more accessible. Because of this, it is easier than ever before to obtain all kinds of information. Whether you need to get specifics on a particular restaurant, need to get directions to the nearest gas station, or just want to learn more about a historical figure or celebrity, it is very easy to do so. Unfortunately, the ease at which you can retrieve the information you need is also available to people who might be looking your personal information.
For this reason many people turn to professional identity fraud protection agencies for help. There are a few different major companies who offer similar services, but they are not all the same. Indeed, they all actively monitor your credit cards, public records, social security number, bank accounts, and black market sites. Most will help to reduce the amount of junk mail and credit card offers you receive, but only a few will give you free access to all three of your credit reports annually. Which one you choose, obviously, will depend on what level identity fraud protection you would like to be able to access.
Your Information Is For Sale
The most important thing you need to know is that your personal information is for sale all the time. Credit card companies are always looking for new customers, which is why you often receive “pre-approved” offers in the mail. While this is perfectly harmless to a degree, identity thieves understand this process and can also retrieve your information in precisely the same way. When you enlist the services of a professional company that reduces offers like these, you can be sure that your information is not being sold to other third parties as well.
Lock Down Your Credit Report
Similarly, most identity theft protection services lock down your credit reports, which is what banks, loan agencies, and even employers can access when you apply for anything. When you use professional protection services you will get notification that someone is trying to access your credit information, at which point you will be then be notified so you can give your approval or not.
There are some benefits to using professional identity fraud protection security companies that you may not realize straight away. For instance, because you report all of your credit sources to them, if you lose your wallet or it is stolen you only have to make one call to ensure that your credit cards are not used. This could save you thousands of dollars and several hours of phone calls to your credit card companies!
Finally, you should know that identity theft protection companies usually offer some kind of guarantee, which acts like insurance in case of an incident. Just like your auto insurance company will pay for damages or other incidentals if you are in an accident or your car is stolen, financial indemnity companies can and will pay you if their services fail. Some of these guarantees are 100%, which means any and all money that is stolen from you will be returned. Some companies offer limits, like “up to one-million dollars,” which is probably more coverage than most people need.
Identity theft protection can be a lot of work, which is why those who are greatly concerned will often utilize the services of a professional company. This does not mean, though, that you cannot take matters into your own hands. If you have the energy, time, and capability to do so, you can monitor your own credit reports as well as remove yourself or block your information from solicitors.
For the amount of work that is involved, hiring a company to protect your identity is often a good value. Many people who have chosen this route are satisfied with the result. However, if you are quite savvy with a computer and have the time and patience necessary to monitor your own credit, you may also find that it is worth the work you put into it.