A couple weeks before Christmas, I was shopping when I got a phone
call from a credit card company. I was a little annoyed as the caller stated
who they were and where they were calling from, thinking to myself that I
wasn't in the mood for a telemarketing call while dodging traffic and crowds
all while on a time crunch. But as the caller kept talking, I realized this
wasn't a telemarketing call at all.
I own one credit card that I use only to
buy gas because it gets me so many cents off per gallon and coupons at our
local supermarket. Apparently, that credit card information had been stolen and
my card number was used earlier that day to buy almost $500 worth of various
items including electronics and a Match.com membership. Luckily, the credit
card company flagged the purchases before they got too out of hand and denied
four more after that. They were calling to verify that the purchases made were
not mine. They definitely were not.
Thankfully, everything worked out just
fine. I got a new card and all the illegal purchases were credited to my
account with no interest, late fees, or any other issues. But that got me
thinking about how terrible the situation could have been and I decided it was
time to research some of the identity theft protection plans out there on the
market. I'm not being paid or rewarded by any of these companies. In fact, they
don't even know I exist at this point. But I figured if I was going to spend
the time doing the research, I might as well share the info with you in case
you're looking for this option as you get organized in the New Year.
1. LifeLock
LifeLock offers a five point protection plan. First, they monitor
your credit and contact the major credit bureaus to get your name off the
pre-approved credit offers list. Second, they monitor your personal info for
new credit and non-credit applications and address changes. They also monitor
known criminal websites for illegal selling of your personal information. For
an upgraded fee, they will even scan for new checking and savings accounts
being opened in your name. Third, they contact you any time they detect a
threat, something as small as a change to the contact info on your bank
accounts. And if your wallet gets stolen, they'll help do the leg work to
cancel your accounts and replace its contents. Fourth, they back up their
protection with a $1 million guarantee. If you do become a victim of identity
theft while a LifeLock member, they will spend up to $1 million to do whatever
it takes to remedy the situation. Identity theft insurance is included with a
zero dollar deductible that reimburses you for fraudulent withdrawals, lost
wages, document replacement fees, and other out of pocket expenses. Last, they
track your monthly credit score so you are up to date with any changes and you
get annual credit scores for all three major bureaus.
Credit Score Managment is available for
$14.95 a month or $165 a year. LifeLock Identity Theft Protection is available
for $10 a month or $110.00 a year. You can also upgrade to LifeLock Ultimate
for $25 a month or $275.00 a year. Each family member must have an individual
enrollment to be covered.
2. Identity Force
Identity Force offers monitoring of change of address info, court
records, credit reports, identity, payday loans, proactive credit, and sex
offender records. You get instant online access to your credit reports from all
three major bureaus; help opting out of the most frequently used junk mail
databases; and online privacy tools like anti-phishing and anti-keylogging
software. Restoration services are available in the event of a theft.
Specialists can be reached 24/7. Lost wallet assistance is also an option
allowing you to cancel and replace credit, debit, and ATM cards quickly if
necessary.
Two plans are available. The first is
called UltraSecure and is $17.95 a month or $179.95 per year. It comes with a
14 day free trial. The second is called UltraSecure + Credit and is $23.95 a
month or $239.50 per year. The difference is that UltraSecure + Credit offers
you everything the UltraSecure package does but adds in the daily credit
monitoring, 3 bureau credit reports and scores and a monthly credit score
tracker.
3. Identity Guard
Similar to the first two companies, Identity Guard offers credit
monitoring, identity monitoring, and monitoring of public records. You are able
to view your credit report and score by logging in to your Identity Dashboard
anytime. You can select e-mail, text, or phone as your preferred method of
contact so you're sure to get alerts as soon as they are issued. They also
offer a Mobile App. Internet protection is covered by a software package
providing Anti-virus, password protection, and keystroke encryption.
They provide personal recovery assistants
to help with recovery if necessary, though the site doesn't state 24/7
availability. Up to $1 million in identity theft insurance is included along
with lost wallet protection. The lost wallet protection includes helping you
access up to $2000 from one of your accounts while your cards are being
replaced.
There are three plans available.
Essentials is offered at $9.99 per month and includes SSN monitoring, ID
verification alerts, and up to $1 million identity theft insurance. Total
Protection comes in at $19.99 per month and adds Public Record Monitoring, the
software package, quarterly 3 credit score and 3 bureau credit reports updates.
Last, the Platinum program is available for $24.99 a month offering all of the
benefits of the Essentials and Total Protection Plan plus monthly 3 credit
score and 3 bureau credit report updates.
4. Zander Insurance
I remembered hearing Dave Ramsey talk about identity theft protection
at one time and I decided to quick visit his website to see if I could find any
more information. Now I understand that not everyone agrees with Mr. Ramsey nor
follows his plans/ideas/advice, etc but I found a great deal on Identity Theft
protection through his site. He recommends Zander Insurance group for all of
your insurance needs. I confess, I don't use Zander for any of our insurance
needs but they have a good identity theft package available.
There is an individual plan available for
$75.00 per year or $6.75 per month and a family plan available for $145.00 per
year or $12.90 per month. Both plans provide $1 million reimbursement
protection, unlimited recovery services, 100% recovery success, prevention
services and support, and electronic stolen fund transfer protection. It also
includes access to free credit reports, the Do Not Call registry, junk mail opt
out programs, and credit report reminders three times per year.
So many options to pick from. If you're
thinking of getting some form of identity theft protection for you and/or your
family, be sure to do more research into each company to see which one fits
your needs best. Also, check with your homeowner's insurance provider to see if
they offer some form of this coverage as well.
If you have some form of identity theft protection, I’d love to
hear what company you are using and if you’re satisfied with their services!