Latest Update: January 30, 2018
Identity theft has become a very common term over the last few years. It is probably safe to say that everyone knows at least one person, if not themselves, who has been negatively affected by a data breech, stolen identity or theft of personal information. Protecting our personal information has come to the forefront and is on the minds of the vast majority. Each individual has to be conscientious about protecting their personal and private information but there are also some ways to enlist the help of the experts. Hiring an Identity protection company can be the best option for many people.
What happens when your identity gets stolen?
A victim of identity theft can incur great financial troubles that can literally take years to clean up. Medical id theft can have repercussions when it comes to your medical services and some have reported they could not even get their own prescriptions filled because of the havoc it wreaked. When a thief gains access to your social security number or your credit card number they can ruin your credit score and make it difficult for you to get any type of credit extended. This can even have a trickle-down effect and cause other basic costs like automobile insurance to increase. Online threats include getting ripped off by a scam, or having malware installed on your computer to skim your information. Thieves have mal-intent and can then use your information to pose as you to perform a variety of financial transactions; all of which are harmful to you and your finances. Whether it is medical, internet or financial identity theft, it can be nothing less than a nightmare for victims.
The Federal Trade Commission (FTC) has identified the types of situations and difficulties victims of ID theft might experience to include:
- Thousands of dollars of debt accumulated in their name
- Have a credit history that is scarred
- Be denied employment, mortgages, or other loans
- Be unable to open a bank account
- Spend years trying to resolve financial problems and errors
How do you protect your identity from being stolen?
There are certain precautions that individuals can take to guard their identity and keep it as safe as possible in today’s technologically based world. But sometimes you have to share personal information like at the doctor’s office or on a job application. You can keep your credit card information secure and shred all your documents with personally identifying information on them. Sure, there are some steps each person can take to keep their information as safe as possible.
Besides just being careful with your information you can also hire an identification protection company to help keep you and your information safe from fraudulent activities.
What does an ID protection company do?
Many people like to try and provide protection on their own for free. But then again there were about a half a million instances of ID theft last year. If you chose to do it on your own and your identity is stolen or your information breeched, you may not know for some time. This may be long enough for a thief to wreak havoc in your finances. And then you are facing the challenges of trying to decipher through it and clean it up on your own.
Having identity protection services can help you keep a close eye on your accounts. If there is any suspicious activity they can find it early and freezer your account or alert you to it. They will also be able to monitor your credit reports and even have your name removed from marketing mailing lists. Many individuals find that it is convenient and financially wise to pay a company for keeping track of their credit reports, personal information and financial accounts.
However, these companies are not fool-proof and sometimes ID theft just happens. There is still an advantage to having a reputable ID protection company on your side even if there is an incident. They are professionals and experts and they can help you work through getting it all straightened out. While they have no control over a company or bank who has a data breech, they can alert you to the leak early on. This can help prevent the problem from becoming any bigger. They can help you recover your identity or your information and get everything back on track.
Which is the best ID protection company?
There are several companies which provides professional protection. Several popular ones have made their way to the top of many consumer reports. These top identity protection companies have proven themselves to be legitimate, trustworthy and effective at helping individuals protect their identity. The four primary Id protection providers that make the top of most of the consumer reports include:
- Identity Guard (Highly Recommended!)
- Trusted ID
- Identity Force
If you do a quick online search for ID companies you are going to see these four listed in the top 10 on almost every reporting site. They offer reasonable pricing, credit updates, reporting and a variety of features and services.
Of these top four it looks like Identity Guard offers the best deal for your money. They monitor the 3 credit bureaus, your social security number, and accounts; then they alert you to any suspicious activities immediately. They provide protection across all of the primary areas ID theft occurs including financial institutions and the internet. Identity Guard has also kept up with technological advancements to offer consumers protection using keystroke encryption software and apps for mobile devices. They are reasonably priced and offer a 30 day free trial. And they offer several different protection plans which gives consumers the power of choosing which level of protection they can fit into their budget. They have a very proactive approach and use the most effective tools to keep consumers safe.
Are you ready to experience the security of having your identity and personal information fully protected from scammers and identity theft? Click here now to start your free trial now.