ProtectMyID.com

ProtectMyID.com Identity Theft Protection Review

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Good option for consumers that are most concerned with credit report monitoring
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ProtectMyID.com is an identity theft protection service offered by Experian, one of the three major credit bureaus. In addition to 3-bureau credit monitoring, this service includes Internet scanning, identity theft recovery support, and a $1,000,000 product guarantee.

With 3-bureau credit monitoring, ProtectMyID.com will alert you right away if any changes are posted to your Experian, Equifax or TransUnion credit file. You'll have the option of receiving SMS alerts as well as email alerts. You will receive a single Experian credit report at sign up, but scores and additional reports must be purchased separately. ProtectMyID.com members who do want their reports and scores from all three bureaus can purchase them at a steeply discounted price of $19.95.

In addition to monitoring your credit files at all three bureaus, ProtectMyID.com scans the Internet to ensure that your Social Security number, bank accounts, credit and debit card numbers are not being used without your knowledge. In order to receive this protection, you must provide ProtectMyID.com with your account numbers once you have subscribed. Unfortunately, ProtectMyID.com will only scan for a maximum of three bank or credit accounts, which may be dissapointing to subscribers who wish to protect more than three accounts. ProtectMyID.com also monitors the U.S Postal Service database for address changes.

In the event that your credit or debit cards are lost or stolen, ProtectMyID.com's Lost Wallet service will help you cancel them immediately. In order to take advantage of the Lost Wallet service, you must enter these cards in your online account individually. If a bank or card issuer holds you liable for any fraudulent charges made on any of your cards, ProtectMyID.com will reimburse you. ProtectMyID.com also offers ChildSecure, a service that will monitor your child's credit files and alert you to any suspicious activity for an additional $6.95 per month. Since children's credit files usually go unchecked until after they turn 18, they are particularly vulnerable to identity theft, which can ruin their credit before they have even begun to establish a genuine credit history.

If you do become an identity theft victim while subscribing to ProtectMyID, you'll be covered by a $1,000,000 guarantee, which covers certain expenses including lost wages and legal fees. You'll also have access to a dedicated resolution specialist who will speak to you by phone and assist you in taking all the necessary administrative and legal steps necessary to restore your identity.

While ProtectMyID.com isn't the most comprehensive identity theft protection service available, 3-bureau credit monitoring and Internet scanning make it an effective detection service. This, combined with extensive identity theft recovery support, makes ProtectMyID.com a good choice, particularly for consumers who are interested in 3-bureau credit monitoring.

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Service Details:

Price: 30 day free trial; $9.95/mo.
Type: Detection - 3-bureau credit monitoring
Credit Reports Delivered: 1 free Experian credit report
Fraud Monitoring: Credit cards, new financial accounts or applications, address changes, public records
Mail List Removal: No
ID Theft Insurance/ Guarantee: $1,000,000

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