All of us have heard about identity theft, but do you know the possible implications of and identity theft case? Having your identity stolen is more than just losing your social security number, it includes your bank account information, your credit card number’s, as well as ruining your credit score. If you were to have someone steal your identity and ruin your credit score, the interest rate on your home could double or even triple! If you figure the math for your own home, you could be looking at thousands of dollars lost, plus the enormous amount of time and money you would have to spend trying to recover your original credit score.
Identity Theft Protection
That is why there is Protect My ID online who has partnered up with Equifax to ensure that your identity is not stolen. They use a variety of techniques to make sure that your identity is not stolen such as scanning the internet for usage of your credit card, social security number or unauthorized inputs of your social security number. If any of this information was to be stolen from you, the damage is crippling. The way that it works is if anyone were to try and open either a bank account, or take out a line of credit in your name it would show up on your credit report. Most Americans check there credit report less than once a year, but with Protect My ID, they will scan your credit reports on a daily basis looking for any suspicious activity, as well as confirming your activities with you.
Constant Internet Scans
Along with the credit report scanning, the team at Protect My ID will scan the internet daily looking for any usage of your credit card number, and especially your social security number. By scanning the internet on a daily basis, Protect My ID will be able to alert you as soon as a breach of your identity is made, and will even help you fix the problem. By working side by side with one of Protect My ID’s fraud protection agents, you will be able to file the necessary paper work as well as make the proper calls to fix all problems that could arise.
Changing Your Address Scams
Another safe guard that is part of Protect My ID is a change of address feature. Many times individuals who are looking to steal your identity will do so thru changing your address with creditors or the post office so that they will receive your confidential mail. Protect My ID has teamed up with the United states Post Office as well as many of the worlds largest lenders to monitor this activity. If someone tries to change your address or has successfully changed your address, you will know about it and will be able to fix the problem before any real harm is done.
The most lucrative part of a Protect My ID account is the $1,000,000 dollar guarantee. This means that if you were to have your identity stolen while you were a customer in good standing (have an active Protect My ID account), you will be compensated up to $1,000,000 dollars. This will protect you against things such as:
- Lost wages due to identity theft
- Legal fees associated with an identity theft case( as long as you follow the guidance of your Protect my ID fraud specialist)
- Reimbursement of funds stolen from bank accounts or credit cards that the bank does not refund
- As well as other expenses common with an identity theft case
Protect Your Children’s Identity
Finally one of the fastest growing identity theft cases is the identity theft of children. This is also covered however with a small monthly fee. With Child Secure, which is run through your Protect My ID account, you will be able to protect your children from the same type of identity theft problems. Child identity theft can be just as serious as it is for adults due to tax purposes as well as credit score problems.
In today’s world with the use of WIFI internet ports, as well as the internet not being as secure as many of us would like to think, Protect My ID is a simple solution to take this fear away. Identity theft is a serious problem, the number of identities stolen increases on a yearly basis. One of my cousins personally had their identity stolen and it took him three years to be able to fully recover his funds as well as repair his credit back to its original state.