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pplcheryl63 > Intel > Identity theft protection

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Identity theft protection

You can get identity theft protection in many different forms, always read the fine print so that you know what you are getting.
Insurance

This only covers you if you suffer a loss and the deductible must be met first. Some will cover your actual losses due to the theft and some only cover your out of pocket expenses for the recovery process

Resolution
Resolution only covers you financially. The company may place fraud alerts or credit freezes on your credit history but they will only cover your credit issues.

Restoration
Identity restoration covers more than your financial identity. A restoration program will look for non financial identity tampering and do most of the recovery work for you. There efforts can be hampered if you cannot afford a lawyer.

Whenever you restore an identity (whether you pay for a service or do it yourself), odds are you will run into legal issues. 70% of all identity restorations uncover some sort of legal problem. It could be something as simple as assisting in removing fraudulent information from your credit report or as serious as defending yourself against criminal charges created by an identity thief.

Contributed by pplcheryl63 on January 18, 2008, at 11:33 PM UTC.

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This intel was contributed by pplcheryl63


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