A Look At Trusted ID’s Identity Theft Prevention
Most individuals are not aware that credit companies sell your credit information to any business that provides a valid reason for needing the information. The good news is, FACTA was put into law in 2003 which forces the reporting agencies to allow you to put a Fraud Alert on your account. Along with other issues, FACTA forces lending institutions to verify your identity before they can lend you any money. In this article you should find some more interesting information about your credit and Identity Theft. Furthermore, looking into this TrustedID Coupon is a prudent idea.
It is bad enough to worry about having your credit ruined by these criminals, but they are also stealing the medical records of people. When they need medical treatment they use your identity for operations and treatment which shows up on your medical data. Not only does this pose a potential financial problem, it could mean you get the wrong type blood if you were to need a transfusion and the thief had a different blood type. You could die.
Identity theft adds up to over $200 billion dollars in lost revenue each year. This has caused them to open their own Fraud Alert departments where they spend millions a year and have tough corporate lawyers tracking down and prosecuting the criminals. There has never been a more important reason for you to closely monitor your credit report and any other vital records.
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 offers a suite of services which monitor such things as all three credit bureaus for any changes to your activity, and sends you a credit report from all three. You get a Fraud Alert reminder before the 90 days is up, so you can log in and request that it remain in place.
Your medical information is monitored to ensure that it was you or someone else in your household who has just received treatment. And you can lock your credit by putting a “freeze” on all of the 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 protection is the first step.