Identity Theft is not "Identity Fraud". There is a major difference. Generally speaking, Identity Theft is when someone uses your social security number along with other identifying documents such as a drivers license, work entry cards, address etc.

Identity fraud is when someone uses your credit card to make a purchase without your knowledge or permission.

This is important to know, especially when a policy is assigned to you as in "payment packing" (see our dictionary) from banks or mortgage companies or if you are intending to purchase a policy on your own.

It is a phenomenon how people react to Identity Theft. They either begin running to credit report companies such as “FICO score report” or Get Pre Qualified. Com or any of the many other fraudulent companies out there. These companies are related to one another and will not be able to do the “victim” any good at all. Plus these companies will cost more money than they are worth. According to Federal Law, the consumer is allowed one free credit report per year. There are three reporting companies. They are (1) Experian, (2) Equifax (3) Trans Union.  The web site is  www.annualcreditreport.com  ”    For those who prefer not to do business on the internet; their phone number for a report by mail is 877 322 8228.

Identity Theft protection is generally not an insurance policy but is suppose to act as a buffer, protection from being a victim. A good policy will stop the crime where other policiy's take action after the crime has been committed. There are banks who issue  policy's such as  "First Indiana Bank"  when you open a checking account and it is underwritten by "member companies of American International Group, Inc. and they call it "insurance". There are scores of people who spend needless amounts of money to companies who make false claim’s and persuade the consume to check daily on their credit activity. This is absurd.

 In essence what these companies mean to tell the consumer is “pay us $600 a year and you can check your credit daily. If you see un-authorized activity you can do something about it and we will even help pay postage.”

It would be much better to have a solid reputable company protect your personal information and give warning BEFORE the crime is committed.

This site does not allow paid advertising. We can however recommend a superb company that guarantees to protect your information; in fact this company puts its money where its mouth is. It is without a doubt the best company in business. Their ‘terms and conditions are favorable as is their privacy policy, and they back their word with a 1,000,000.00 dollar’s. If their system is violated and you suffer a loss while under their protection they will pay you back every cent of your loss, including time loss from work, attorneys etc.

They will charge you $10 a month for their service.   

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