There is ongoing debate among the masses regarding the effectiveness of identity theft protection services. Adding to the growing concerns of identity theft, there are a number of identity theft protection services being offered in the market today. Here’s an honest review of one of the leading id theft protection services: Protect My ID.
This service is offered by Experian, one of the three major credit bureaus. It monitors client’s daily files at Experian, Equifax and TransUnion (all three credit bureaus). A quick review of the service regarding identity theft protection can be provided based on its offered services:
- Credit Monitoring:
When purchasing an identity theft protection consumers are looking for a service that effectively monitors their financial transactions and timely identify any unauthorized use or intrusion of a third party into their credit accounts. As we know, the aim of committing identity theft crimes is usually to score an undue financial advantage.
ProtectmyID.com provides an effective credit monitoring system where it keeps check of all your credit files. The service monitors all credit activities by your name and notifies you when an irregular transaction occurs. In addition to that, the service identifies any changes registered in personal information such as address. In case of any deviance from normal activity or fraud, the policy holder is immediately warned.
- Recovery Services:
The prime duty of any protection service is to monitor the regular credit and financial activity of the user of the service to make sure that none of the information has been compromised. But if an ID theif ever does steal your identity anyway you have the peace of mind of knowing that you will be covered. If the theft has been committed, ProtectmyID.com helps its policy holders recover their lost belongings, wages etc. Their Lost Wallet service enables the user to immediately cancel all his cards and accounts issued under his name. In a case of a bank or card issuer holding you liable for any fraudulent charges made on any of your cards, ProtectMyID.com will reimburse you the amount. The service offers up to $ 1 000 000 of insurance in case of identity theft recovery service amount and will reimburse you any lost wages or legal fee incurred in the process.
These are many other services that Protect My ID offers as well, and you can check them out yourself at the link below. They are considered one of the better ID theft protection services from our site and is definitely better than not having any protection at all.