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Credit Monitoring And Identity Theft Solutions
Despite all the deterrents and agencies involved, most identity theft solutions fall flat because there are so many loopholes to gain access to personal information. So you have the latest security features installed on your computer and you never use the internet to shop or bank, but you're still not fully protected. Credit monitoring has proved to be the most effective method of protecting your credit reports and personal information.
In today's modern hi-tech environment, hackers and impersonators are persistent at getting what they want to further their needs.
Your garbage is up for personal scrutiny once you place it on the curb.
Your mailbox, in most cases can be easily opened, and all contents removed.
And did you know that your mail can easily be forwarded via the internet? The postal office may tell you that they have checks and balances, but identity theft can still be accomplished.
How well do you know every person at work, and do you know the nighttime security and maintenance staff that well? A magazine with your name and address typed on the front, or a bank statement or a paycheck stub in your desk are all items that make you vulnerable. Those items make you more familiar to a thief. How will you know if your name or address is being used? Most people fail to obtain an yearly free credit report and score from Experian, Equifax and Transunion; and the credit bureas only reflect certain accounts opened in your name. Credit monitoring evaluates many elements to ensure your personal information has not been assessed.
If a co-worker lifts a personal document from your workspace and advertises for sale, how would you know? How long would it take before you were alerted to this violation? A better question is, how long would it take to clean up the mess from this travesty? Many individuals that have been violated will explain that it is not the theft that truly harmed them; it was the incidences that followed which took a toll on their daily lives.
You began receiving calls to your home about bills that you never incurred, and debt collectors want to know when you will send in a payment. You explain that you never opened an account with that vendor but you've never been through this before so you really aren't adept to understanding the laws on identity theft solutions. You verify your name and address with the debt collector, and even provide them with your social security number. They tell you to file a police report, send them the proof and contact Experian, Equifax and Transunion to check your credit report.
The next month you receive Transunion, Equifax and Experian credit reports, and you have numerous accounts listed. What you weren't expecting is having to deal with Transunion, Equifax and Experian credit bureaus, and debt collection agencies, writing letters, making calls and trying to clean up your credit reports. You'll soon find out that this could take a year or more because the debt collector will simply sell the account, and you're back to square one.
One of the most sobering realities is that Equifax, Experian and Transunion do very little to help you. The real investigation is completed by you. You have to understand that Equifax, Experian and Transunion are not really equipped for an in-depth investigation. These three credit bureaus pretty much ask creditors if they can verify your account, verify pertinent information, and that is it. Equifax, Experian or Transunion do not investigate the lies or truths of a crime; they do not take on that responsibility.
One of the best identity theft solutions that covers most attacks and loopholes are the insurance companies that specialize in credit monitoring. If you take part in an insurance plan, the company places an alert on your file, and your name in the event a public entity would try and open an account using your information.
You will find many individuals tend to center on the well-known credit bureaus and place alerts in that respect; however, if a thief would open a utility account in your name, it probably will not be reflected on your credit report. If someone uses your identity to get a drivers license in another state or a library card or a simple community bank account your credit may not be assessed.
Law enforcement agencies try to remain a step ahead of the trends and provide the much needed support to consumers by inventing emerging technology that fits within their identity theft solutions; the bottom line is that they're incomplete. An insurance policy for your name is the best way to cover all the bases.