Identity Theft Protection

For just about anything you want to get off your chest about credit cards.
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USADR
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Identity Theft Protection

Postby USADR » Thu Oct 15, 2015 6:45 am

So yesterday this forum helped me to obtain my first credit card in years. Since I am on a mission to make my credit scores much better I would hate for a thief to screw everything up. Am curious if anybody here uses Identity Theft Protection? If so what service do ya recommend?


Elijahmex
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Re: Identity Theft Protection

Postby Elijahmex » Thu Oct 15, 2015 8:20 am

I was once a victim of identity theft and obviously it appeared on my CR. Thank god I was able to get the derogatories off my report. Now I am keeping an eye on everything, bank accounts, credit card accounts and reports & I suggest you do the same. Oh and keep ALL of your receipts, even if it's just a 1$ purchase. Keep track and Monitor everything!!
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takeshi
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Re: Identity Theft Protection

Postby takeshi » Thu Oct 15, 2015 8:45 am

What you use is up to your to determine based on the lengths you're willing to go to and what you're willing to spend. I prefer to monitor my own reports regularly with the 3 major CRA's as well as all of my open accounts. That doesn't cover every possible avenue of identity theft but it does cover the 3 majors and I'm comfortable with that at the moment.

Some use freezes and fraud alerts to restrict access to their reports.

Some use ID theft services.

if you want recommendations we really need a better idea of what you're looking to accomplish.

Vermonster
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Re: Identity Theft Protection

Postby Vermonster » Thu Oct 15, 2015 9:29 am

Don't pay for anything. All those companies that claim they can prevent identity theft can't. What they actually do is handle all the crap that has to be changed when your identity is stolen. Example https://en.wikipedia.org/wiki/LifeLock#Controversies

Sign up for Credit Karma and monitor your reports. Check it every week like you would your bank account or fantasy football. You'll know when something isn't right. But in general, just be smart about who you give info to. Only ever talk to a bank CSR after you call the number on the back of the card. No one ever legitimately needs your information "right this second."
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

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Vattené
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Re: Identity Theft Protection

Postby Vattené » Thu Oct 15, 2015 11:41 am

I don't think you need to pay for anything either. I've seen ads from companies claiming they go above and beyond what you can get from sites like Credit Karma; I admit I don't know exactly what they claim to do, but I'm suspicious.

If you regularly monitor your accounts you will catch fraud on legitimate accounts. If you have CK and regularly order credit reports* you will catch accounts that are fraudulently created in your name. I like to rotate by bureau and get one credit report every four months. It's not the "daily monitoring" these companies say they do, but IMO it is sufficient to catch fraud.



*The only place you should order credit reports from is http://www.annualcreditreport.com (either online or over the phone number they provide) - there is no need to pay for one.
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

USADR
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Re: Identity Theft Protection

Postby USADR » Thu Oct 15, 2015 4:46 pm

Thank you all for your input. I signed up for Credit Sesame it is all free. They contacted me yesterday after I was approved with Barclay to ask if it was me who initiated this application.

Vermonster
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Re: Identity Theft Protection

Postby Vermonster » Fri Oct 16, 2015 7:57 am

I would also sign up for Credit Karma. They pull TU and EQ reports plus it is always free. Credit Sesame isn't bad, but their free version doesn't update as often. If you are paying, I would seriously consider going straight to Experian. Their "credit monitoring" $20 a month and if you call can ask to cancel after the first month they almost always offer a cheaper rate. Experian plus Credit Karma give you access to all 3 reports as well as a real Fico 8 score.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

USADR
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Re: Identity Theft Protection

Postby USADR » Sat Oct 17, 2015 11:54 am

Vermonster wrote:I would also sign up for Credit Karma. They pull TU and EQ reports plus it is always free. Credit Sesame isn't bad, but their free version doesn't update as often. If you are paying, I would seriously consider going straight to Experian. Their "credit monitoring" $20 a month and if you call can ask to cancel after the first month they almost always offer a cheaper rate. Experian plus Credit Karma give you access to all 3 reports as well as a real Fico 8 score.
I am signed up with 2 of those. Yea the Credit Karma is the better of the 2. I will look into Experian. Thank you



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