|by Mr Credit Card|
Identity Truth is a identity theft and credit monitoring service that was started in 2006. It is the cheapest service out there and is ideal for someone looking for such a service at a low price. In this review, we are going to look at its features and compare it with other similar services.
How does Identity Truth Protect Against Identity Theft – Obviously, this is the most important question that we have to ask. The least effective way of preventing ID theft is simply “credit monitoring”, which many firms do. That is a very reactive way. Identity Truth takes the more proactive way by helping you to put fraud alerts on your three credit bureaus. By putting fraud alerts on them, lenders and creditors cannot access your files unless you given them permission. This is the best way to nip things in the bud.
However, the way Identity Truth does it has some downsides. As a brief history and background, Lifelock used to provide this same service, by automatically putting fraud alerts for their customers on the credit bureaus after every three months. You see, fraud alerts are only valid for three months. Experian took Lifelock to court and claimed that it was against the law to put fraud alert on someone else’s behalf. Lifelock settled the suit with them and have a new system and a new way of proactively alerting their customers when someone wants to check their credit report.
Identity Truth will send you a package and aid you in putting fraud alerts on your credit reports. The downside to this is that it has to be done every three months. Nevertheless, it is still safer than plain “credit monitoring”.
24/7 Internet Monitoring – This is another feature that the really good ID theft protection service provides. Scanning public registries, and black market ID sites for signs that your address is being used is the other
Identity Truth also provides a range of other what I would call “convenience services” (which you can easily do yourself). They include:
$25,000 ID theft protection and help – Should your ID ever get stolen when you are enrolled with them, they will assist you in the steps that you need to take. And you have a $25,000 insurance to cover any expenses.
Verdict – The Identity Truth, in my opinion, is a pretty good ID theft protection service in that they “help” you place fraud alerts on your credit reports, unlike most services which merely “informs you” when there is a credit inquiry. It is the lowest price among all the ID protection service. You get a 7 day free trial.Then you have to pay $29.97 which is good for three months. Thereafter, the monthly fee is only $9.99. If you are looking for a low cost ID theft protection service, then you might want to consider this.