About Electronic ID Theft Protection
Part of the reason identity theft is burgeoning in this country is because identity thieves are becoming more and more cunning in devising ways to access and compromise your information. Because we live in an increasingly digital society, the threats to your identity are endless. But you can fight fire with fire by investing in electronic ID theft protection. Find out how it works here.
As a consumer, you have legal rights that empower you to control your credit and your personal identifying information. Electronic ID theft protection enforces these rights for you by handling all of the logistics. More importantly, electronic ID theft protection is backed by a $1,000,000 guarantee. You get all of this for a fee of about $10/month. All told, some of what electronic ID theft protection does, you can do for yourself for free. The difference is that your electronic ID theft protection company only thinks about how to protect your identity, and they do it 24/7.
What Electronic ID Theft Protection Does
- Your company will ask the credit bureaus to set fraud alerts on your behalf. Typically, this can all be done with automated systems, which means you will have your alerts set within one hour. A fraud alert basically informs you the second anyone tries to do anything with your credit. It forces companies like banks, lenders, and credit card companies to go to great lengths to verify the identity of the person who began the inquiry or transaction. For example, if someone applies for a personal loan in your name, the bank is compelled by law to contact you at the phone number given to them by the ID theft prevention company to verify the legitimacy of the transaction.
- Fraud alerts will be reset every 90 days until you tell the company to lift the alerts. This will give you continued protection against any unauthorized changes to your credit. Again, this is something you could do for free by yourself, but the company will do it automatically and will ensure it is done right.
- Your name will be removed from junk mail and pre-approval credit card lists. According to recent stats, this is one of the easiest ways for a thief to commandeer your personal information. Not to mention that getting loads of junk mail every day is just a nuisance.
- Annually, your free credit reports will be ordered and sent directly to you. We make sure that you get your free annual credit reports from all three bureaus every year, and we even send them right to your home. This gives you the chance to look over the report for any discrepancies or unauthorized transactions.
- Electronic ID theft protection is backed by a $1,000,000 guarantee. In the event that your identity is stolen while you are an electronic ID theft protection client, the company will do whatever it takes to make it right, including reimbursing you up to $1,000,000 for any expenses you incur. If you need lawyers, they will hire and pay for expert legal counsel. If you need investigators, case managers, or accountants, they will hire and pay for those professionals as well.
For preventive measures against identity theft, see our Preventing ID Theft page.
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