TrustedID And Identity Theft Prevention Services – What You Need To Know
A number of people are not aware that credit companies sell the credit information they obtain to any company that validates a reason to purchase it. The comforting thing to know is that FACTA was passed in 2003 which now forces the credit reporting bureaus to allow you to place a Fraud Alert on your credit profile. This legislature also forces lending institutions to take the necessary measures to verify your identity before they loan anyone an amount of money using your identity. There are some other interesting facts contained in this trustedid complaints for you to consider.
Something else most people never consider is that an identity thief can also get your medical records and have expensive operations or treatments using your health information. Not only can this result in a huge medical bill you are suddenly faces with, it could mean that your life is in danger if you are hospitalized and need a blood transfusion. If the thief had a different blood type than you, the transfusion could kill you.
Identity Theft results in more than $200 billion dollars of losses each year for businesses and corporations. Most of them have started their own Fraud Alert departments where it costs them millions of dollars to investigate, track down and prosecute these criminals. It has never been more important for you to keep a close watch on your credit report and other monitoring means in order to protect your vital records. But the most important part of securing your credit is to research best identity theft protection.
Whatever monitoring service you may wish to choose, there are some measures you can take to help prevent your identity from being stolen. If you don’t already have one, but a good document shredder and make use you shred all pieces of paper that could have any of your information on them, even the envelopes because they can have your name and address printed on them. Get a bank box or extremely good home safe and keep all your important papers, like birth certificates, loan applications, member cards, social security cards, marriage certificates, passports and any other documents which have vital information on them.
TrustedID monitors all three bureaus to notify you if there are any changes, and alerts you when there is any activity, and you get a credit report from each bureau. The Fraud Alert Reminder lets you know when your alerts are due to expire before the 90 days.
Their Medical Benefit Check service also monitors your medical benefits statement to ensure that you and your family are being treated for the conditions you actually do have. They also have Credit Lock which allows you to put a “freeze” on your credit at all the three bureaus.
They offer a million dollar warranty that pays legal fees, re-application fees, other losses from theft damage, and lost wages for a maximum of 4 weeks or five thousand dollars. Their team of professionals handle the services to regain your credit and restore your identity as quickly as possible.
Identity theft for credit related matters currently amount to 20% of reports, and the other 80% are the theft and misuse of other personal information such as your medical records. From the information in this TrustedID Review there should be enough to get you started in protecting everyone your family members from Identity theft. Millions of people are finding out too late that their credit identity has been stolen, but taking measures now can prevent the worst from happening. Remember, learning about identity theft prevention is the first step, and your second is using a great service like TrustedID.
