How To Choose An Identity Protection Company

Many companies have come out of the woodwork to provide protection from identity theft

. But which one is best for you?

They all have their pros and cons, but it really comes down to what you're looking for in a service. With all the options out there, it's easy to get overwhelmed in no time. But with some careful research, you can find a company that protects your identity the way you want it done.

First off, it depends on what kind of services you want. For example, do you want protection from having new, fraudulent accounts opened, or do you want a company to monitor your credit reports on a regular basis and watch for suspicious activity? Do you want a large amount of fraud insurance to cover you in the event of identity theft, or is it more important to have all the services possible available to you to protect you in the first place? How much do you want to pay? Should I protect my children as well?

It's important to think about what you expect out of a service before you go shopping for one. Each has their unique features.

The five main services are LifeLock, LoudSiren, TrustedID, Identity Truth and Identity Guard.

If you're looking for something to protect you from new accounts being opened under your name without your authorization, you may want to look into LoudSiren's service. How does it work? When you sign up for their service, you will be given a LoudSiren phone number. This number will be put in your credit reports for creditors to call to verify identity. This number will actually contact YOU and tell you that there is activity on your account, and allow you the opportunity to accept, deny, or contact the authorities if the activity is not your own. How convenient is that? This way, if you're sitting at home and you get notification of a credit application, you know right away that your credit accounts are at risk, and LoudSiren helps you take the proper steps to protect yourself.

Unfortunately, LoudSiren's service does not monitor your current credit accounts. You must do this yourself as they will send you your credit reports. If you want your current accounts monitored daily then what you are looking for is credit monitoring and Identity Guard may be the service for you. Instead of focusing on newer accounts opened under your name, they monitor your current credit and supply you with your credit scores on a regular basis. This way, your current accounts are protected, unlike the other services mentioned above that do not offer this kind of protection.

The biggest reasons to choose any service is identity theft insurance and credit restoration services. You see, there is no such thing as full proof identity protection so a guarantee or insurance policy is of high value. Yes, you risk will be extremely low if you employ one of these services or take the initiative to do it yourself but there is still risk and much like fire insurance on your house the small payments are worth it. Credit restoration would also save you from endless frustration and hundreds of hours of work on average.

It's a good idea to do your research before enrolling with any company. Read their policies and offering carefully and see if they are the right fit for you. For $10-$15 a month, it would sure be nice to be at ease about your credit, finances and your reputation, wouldn't it?

by: li baocai

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