id theft fraud prevention

February 7, 2010

Protecting Against Identity Theft

Martha Timmons asked:


Preventing ID Theft

ID fraud is one of the biggest crime in the U.S today. Every 4 seconds someone’s identity is stolen.There are now several id fraud prevention services on the market to address this problem. The question now becomes which identity theft protection provider is right for you. How do you easily compare the features of each one? That’s where a site like IDProtectionStore.com with their comparison chart becomes handy. In addition to services that are dedicated to id fraud prevention, you might also want to consider a credit monitoring service to provide you another layer of protection that many id theft prevention services don’t always provide. Many of these credit monitoring services offer a free trial where you’re able to get your free credit score.

There’s credit scoreoffers where you can see your information from one credit bureau. Other services allow you to view your credit score from all 3 credit bureaus. Trans Union, Equifax, and Experian. This is crucial because the data contained in one credit bureau report may not match with what’s on the others. Also, many creditors may choose to see one or more of your credit files. And most offers do not provide a free FICO report for free. You only get to see what’s on your normal credit reports. But a FICO report is not the same as your normal credit report or score. It uses different set of rules for coming up with your FICO score. Most lenders utilize the FICO report to determine your creditworthiness. Therefore it may be most wiseto see your FICO report before applying for a personal loan. Another feature that these offers provide is credit monitoring. With some services you only get the bare minimum while others provide comprehensive credit monitoring prevention. These are some of the reasons why it makes sense to compare the features of these freecreditreport offers.



Scott

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