The service has been highlighted in the Wall Street Journal, the New York Times, Newsweek and Time magazines, and on CNNMoney.com. TrustedID is also endorsed by financial expert Suze Orman.
They put a fraud alert on your credit files and keep it renewed. This feature is named “Lender DoubleCheck™”. The fraud alert requests that any lenders call you at the number you have provided to be sure it’s really you applying for new credit.
You can also choose to use their “CreditLock™” service which will place a security freeze on your credit files. This freeze runs an additional $10 at each credit bureau. You also have to pay the $10 at each bureau to unlock your files if you want to get any new accounts yourself. TrustedID will manage this for you for the additional fee. It can be a real handy feature to have because if you lose your PIN on the freeze, it’s time-consuming to remove.
They’ll opt you out of getting pre-approved credit offers. It’s really nice when all that junk mail stops. In the past, I’d get 3 or 4 offers a week from the same bank!
You’ll also get a Confidential Credit® Three Bureau Credit report. Review it carefully to be sure your identity has not been compromised.
Credit card monitoring is included, too. TrustedID monitors your credit card numbers to be sure they haven’t been stolen. If something suspicious is found, you’ll get and immediate email alert. They also scan the internet black markets looking for misuse of your name, address, DOB, Social Security number and bank account numbers.
There are specialists who will help you check for medical fraud by reviewing your medical benefit statements to be sure no one is pretending to be you. Same kind of help with your annual Social Security statements, too. It’s become common for illegal immigrants to use a fake SSN and then you wind up owing the taxes on income you didn’t earn.
To keep hackers and malicious programs from stealing passwords and account numbers out of your computer, you get free Anti-Spyware software that you can put on up to 3 computers. It updates constantly as long as you have your TrustedID membership. This type of anti-spyware program is usually about $30 a month.
This service has a $1,000,000 Warranty to cover out of pocket costs if your identity is stolen. They will remiburse you for legal fees, lost wages and other expenses up to a million dollars.
Store your important information with TrustedID—credit and debit card numbers, insurance information, and more—and if you ever lose your wallet or need access to your information, just call their personal protection specialists. They’ll help you cancel your cards and replace them as quickly as possible.
If your identity is stolen while being a member, you’ll get a “TrustedID Claim Kit” – an information package that describes the resolution process and has educational articles. TrustedID will notify your creditors of identity fraud for you, notify the FTC and create and maintain a case file to document your identity fraud.
As it stands, credit card companies have permission to check your credit report to send you preapproved credit offers. As part of standard service, TrustedID will remove your name and information from solicitors’ lists so that you will no longer receive these offers and third parties will not have access to your private credit information. The service will also reduce other types of junk mail.
You can enroll with Trusted ID individually or sign-up with their family plan. The family plan is a good deal because it covers all adults and children living at the same address even if it’s your parents or other family members.
TrustedID offers a service warranty of up to a million dollars if identity theft does occur while you’re using the service. This money can be used to cover expenses you incur in recovering your good name, such as application fees for new credit, legal fees, and any missed work due to problems with your employment qualifications or need to restore your identity. Lost wages are paid to a maximum of 4 weeks or $5,000. You will also gain access to professional company-provided services to help you restore your identity as quickly and efficiently as possible.
Trusted ID does many of the things you can do yourself for free: place fraud alerts, opt-out of pre-approved credit offers and gives you an annual credit report. But I like that because it’s one less thing for me to remember to do. Kinda like buying fruit already cut up at the store.
They offer plenty of help if you should become an identity theft victim but you’re required to do most of the work yourself. Their warranty will cover lost wages if you have to go to court or miss work to restore your identity.
You can cancel your monthly plan at any time. If you have the yearly plan and cancel within the first 6 months, you’ll get a 50% refund. If it’s after 6 months, you won’t get any refund.
If you have a family with kids and/or extra adult family members, it’s the best priced protection out there.
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What about the lawsuit?
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