Are the identity-theft-protection services that credit card companies repeatedly try to sell (via annoying telephone calls) effective at all?
Asked by
jca (
36062
)
January 29th, 2009
does anyone have any experience where these services have actually helped? i don’t have them but wonder if they would work. they usually cost at least $7 a month, which adds up to a lot of money.
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3 Answers
Yes! They are worth it. But we don’t pay for ours. We had our identity stlen and during our recovery we were automatically put on a list where any unusual expenditures are flagged. This have been great for us.
They can be somewhat helpful, but are very limited. Typically they only cover that particular card. Even if they cover all your accounts they are still very limited. In order to have true ID theft protection you not only need the monitoring and fraud alerts you need something that covers all 5 areas of id theft (financial, driver’s license, SSN, medical and charcter/criminal), has restoration service (not just advice) and 24 hour access to an attorney. There is only one that I know of that has all of this.
Yes, they are helpful although not comprehensive enough as what weebler76 has said. But, they are better than not having any protection at all; especially that credit cards theft are very rampant nowadays.
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