Can Identity Protection Companies Really Block Identity Theft?

A large number of firms provide identity protection for an ongoing price. These companies may provide you many different benefits, from credit monitoring to identity theft insurance benefits in the event your identity becomes compromised. Essentially it seems like a good deal because of the ever-rising incidents of identity theft – but is it truly worth the cost?

Depending on the company, you may have a bunch of different benefits. One company may offer nothing but credit report monitoring. Other plans might give you automatic fraud alert placement, removal of your information from pre-approved credit solicitation lists, and Internet monitoring to check if your personal information is ever posted on sites that sell the sensitive information. The fee varies between the providers, and just because you pay more doesn’t mean you receive extra protection features.

While it’s true that certain details of identity protection may be managed by consumers themselves, it really comes down to if consumers are able to dedicate the effort required monitoring all the necessary data sources, initiating phone calls to credit reporting bureaus, remembering to reset fraud alerts each quarter, etc.

Currently in the identity fraud protection, arena most of the solutions are priced from $8 upwards to $18 per month. In this current economic downturn, individuals may be skeptical to spend $15 per month to protect themselves from ID theft, but with the numerous corporate data breaches occurring almost every few days now and ID theft ranking as the fastest growing crime in the country for the 5th year in a row, now is clearly the time for individuals to determine which method of identity fraud protection they will be using.

As with any type of insurance or protection service, you need to have it activated before an event takes place in order to qualify for the benefits of the plan. You won’t want to wait until it’s too late, take 3 minutes to sign up for identity protection and rest easy knowing that your personal information is protected by experts 24 hours a day.

Premium Safe Identity, a preferred identity protection program provides a proactive solution to stop ID theft from happening. The price is below ten dollars each month, there are no contracts, they offer a true ID theft insurance policy of $25,000, and they even offer a free will to all consumers who enroll.