Identity Theft Reviewed

What Major Identity Security Services Cost
Imagine that the phone rings and you answer to hear a somber voice on the other end. Your bank is calling to ensure that you intended to sign up for several major credit lines which were registered in your name within the past week. Shaking your head you confirm with the bank that someone had applied for credit in your name – you were the victim of identity theft – you begin to sort out your accounts.

In these cases, taking steps to repair your credit will require an investment of time and resources on your part. To avoid identity theft and potential harm to your credit, there are several services which provide affordable security for your identity. For a small monthly fee, these services actively work to protect your identity and proactively alert you to any major filings in your name. We profile some of the major services, which also offer free trials for new subscribers, along with providing insight into their offerings:

Life Lock
Backed by an industry-leading assurance guaranteed, Life Lock provides up to $1 million in insurance to cover any losses incurred while under the program’s protection. Individuals, families and even companies can establish contract service with Life Lock, providing comprehensive protection for groups as well as your individual identity. The basic Life Lock plan costs $10 for a month (or $110 for an annual) plan, including their Wallet Lock, Recon and True Address plans. Covered by a Total Service Guarantee, you will be opted out from pre-approved offers and alerted to any potentially suspicious transactions in your name.

Trusted ID
Trusted ID is a leading, complete identification protection system which covers a wide variety of potential vulnerabilities. The service plan costs $10 for each month (or $99 for an annual plan) for individuals or $19.99 for monthly family coverage ($189.99 for an annual plan.) The service includes their renowned ID Freeze program which prevents fraudulent transactions before they occur. By monitoring your credit cards, social security and financial information, you are protected against fraud, junk mail and, even, lost wallets.

ID WatchDog
Based on patent-pending methods, ID Watchdog offers consumer a free 30-day trial for their $19.95 per month identity protection solution. The program covers three steps of protection, beginning with Watchdog Plus which works by ensuring that your personal details are accurate so they can begin monitoring any suspicious activity. Their ID Snap Shot program aims to secure your complete set of records including driving records, police enforcement, financial and medical history, as well as any outstanding applications in your name. Additionally their service offers ID Rehab acts to restore your record in the case of misappropriated identity.