Here are some of the most commonly asked questions about identity theft.

What is identity theft?

Identity theft occurs when someone exploits your personal identifying information (such as your name, social security number, credit card number, etc.) without your permission to commit fraud and other crimes. Close to ten million people become victims of identity theft each year. Identity theft has many forms. The thief may use your information to buy a car or a home, take out a credit card, or even apply for a job in your name. Typically, most victims realize that identity theft has occurred when they receive statements for accounts they never opened or are contacted by debt collectors for debts they didn't accrue.

What is identity theft prevention?

Identity theft prevention is a professional service that helps protect your good name and information from identity thieves. Identity theft prevention involves several proactive measures to help thwart unauthorized access of your information. For example, your identity theft prevention company will place fraud alerts on your credit reports and remove your name from junk mail lists. Additionally, identity theft prevention usually comes with a service guarantee component that protects you in the event you become a victim of the crime while a client. Some companies have service guarantees that will reimburse you up to $1,000,000 for damages/losses resulting from identity theft.

How much does identity theft prevention cost?

Identity theft prevention costs about $10 per month for an adult. Some services also offer annual plans. This is a very minor investment when you compare it to the potential losses you could incur if you fall victim to identity theft. You will also enjoy a generous service guarantee for this small fee.

Can't I protect my identity on my own?

It's true that many of the things an identity theft prevention company does, you can do on your own for free. However, that does not mean you have the time or expertise to do so effectively and efficiently. Instead of draining hours and hours out of your life and taking the risk that it's not done right, you can hire an identity theft prevention service and have the peace of mind of knowing that you have professionals on your side. Similarly, if you try to protect your identity on your own, there is no guarantee it will work, and you will not have a service guarantee in the event that it doesn't.

How do thieves access my information?

Thieves have a plethora of ways they can access your information. They might go through your mail, steal your wallet or purse, hack into your information online, etc. Identity theft prevention focuses on these vulnerable areas to help safeguard your information.

ID Theft