TrustedID Review: Is TrustedID Identity Theft Protection Right for Me?

ElitePersonalFinance
Last Update: February 13, 2021 Identity Theft Companies Reviews

If you are looking for identity theft protection for you, your family, or your business, TrustedID might be the right choice for you.

You may have been introduced to TrustedID through an offer from Dell or Suze Orman.

TrustedID offers many different products for protection against identity theft, including credit monitoring, family protection, and more.

What is TrustedID?

TrustedID was founded in 2004 by people who had their identities stolen in the past. Their first offer allowed people to ‘freeze’ their credit reports in case of an emergency.

They soon added identity theft protection packages that included fraud alerts and monitoring the black market if someone’s identity was being sold on the Internet.

One of their most unique offers, the Identity Threat Score, uses a complex algorithm to determine how much of a risk you are at for losing your identity to thieves online. It is based on how much information you give away on the Internet and can be very helpful if you are trying to determine how much risk you are putting yourself at.

TrustedID recently won an award for having “Best-in-Class” identity theft protection.

TrustedID is now owned by Equifax, having been acquired in 2013. TrustedID is currently headquartered in Palo Alto, California.

TrustedID Features

TrustedID currently sells a package called IDEssentials, which includes the following:

Credit Monitoring for All Three Bureaus. You can see changes to your credit score. This allows for the detection of possible identity fraud.

Three-Bureau Credit Report and Score. You can have easy access to your credit score, in addition to the free credit report provided annually by law.

Identity Threat Score. You’re given a numerical score of how much risk you are at for identity theft. This is based on how much personal information you put out there online and can help show you whether you should change your Internet habits.

Family Protection Upgrade. Your spouse and children can also be at risk for identity theft, so TrustedID adds family protection with the IDEssentials plan for a small additional charge.

Fraud Alerts. This helps protect your credit by making lenders use identity verification to go forward on a new request.

$1 Million Insurance. Against Identity Theft to cover out-of-pocket costs associated with identity theft (underwritten by AIG).

Access to TrustedID Protection Specialists. TrustedID has a support line that you can call if you ever feel like your identity has been stolen. This should be used in case of possible fraud.

They also have business identity theft protection plans, mainly dealing with data breach protection (if any sensitive information is stolen from a company’s database).

TrustedID Complaints and Reviews from Consumer Reports

TrustedID has an A rating with the Better Business Bureau (BBB) with no complaints on their site. However, people have spoken up about them on other sites, saying how their contracts can say something slightly different than what is promised on their website.

People have complained about how you need to pay for 90 days upfront after the free trial. This happens automatically. Be aware of this when you sign up for a free trial!

People have also complained about the 1-Year FREE offers from Dell, Suze Orman, and others. When people signed up for these offers, they would enter their credit card information and then be billed the following year immediately, for another year of service. You can avoid this by calling the company and having them turn off auto-renew.

Some have noted that the company bills people incorrectly, and they end up having to call customer service to have it fixed.

Others have noted poor customer service, such as problems verifying that the person calling is who they say.

Please keep in mind that the Equifax scores they give are not necessarily the same ones used by creditors to judge your creditworthiness. They are given to you for your own educational purposes only and should not be used to judge whether you can qualify for debt.

TrustedID vs LifeLock

LifeLock and TrustedID have a lot in common. Here is what they both have to share:

TrustedID individual plan is $10/month, and their family plan is $20/month when billed annually.

LifeLock plans range from $10/month to $30/month. You can add a child for $6 extra per month.

TrustedID for Families

TrustedID has the best, most comprehensive deal for family plans out there. They offer all of the benefits that the individual plan has and include it for your children and your spouse, parents, and other family members living in your household.

And it is only $20/month.

This is the cheapest family identity theft plan out there and covers more family members than any other family plan.

This only counts for family members living in your household, though.

The Family plan allows for ALL of the protections that the Individual plan does but includes your family members in it as well.

This means that if your son or daughter’s identity is found on the Internet black market, we will be able to find it.

This also means that if your spouse wants to know how at-risk she is for losing her identity online, she can check her Identity Threat score.

If you have elderly parents living with you, you can check to see if anyone is claiming Social Security benefits in their name, even if they have not yet applied to collect Social Security.

Should I Get TrustedID or LifeLock?

If you want to spend the least amount of money, LifeLock is for you. It offers many services for $10/month and allows for 24/7 support.

If you want to protect your family for only an extra $10 more per month, then TrustedID is for you.

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