Don't Get Caught Without an Identity Theft Prevention Plan

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Chickie Maxwell

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May 10, 2013, 12:36:05 PM5/10/13
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Please consider this free-reprint article written by:
Chickie Maxwell

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Article Title: Don't Get Caught Without an Identity Theft Prevention Plan
Author: Chickie Maxwell
Word Count: 549
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Around fifteen million American citizens reported being victims of identity theft in 2011, and while this alone is a shocking number, it is estimated that many more have fallen victim and simply not noticed that their accounts, credit files and indeed their good name have been taken advantage of by criminals. As strong credit scoring becomes ever more important for borrowers to secure a fair APR on credit, if exploitation is neither noticed or acted against the resultant expense can be severe. Identity theft is by no means a victimless crime, and on occasion debts running into tens of thousands of dollars can be illegally run up, often taking months of inconvenience and stress to remedy.

Identity theft prevention programs are seeking to amend this imbalance by providing a high tech solution to this most commonly perpetrated crime online. There are a number of providers who, for a modest premium of approximately $13-20 a month depending on service plan, at least daily monitor an individuals credit score and provide instant notification when something appears amiss. Unlike services that merely provide credit scoring and advice on how to improve it, insurance companies work very much like a 24 hour sentry, and in the majority of cases this swift warning enables further fraud to be stopped almost instantaneously, a massive step forward in identity theft prevention.

Identity theft prevention companies take a log of all of their customers vital documentation and serial numbers, ranging from basic name and address all the way up to medical insurance, mortgage documents and banking roll numbers to have a composite digital financial profile of their customers - essentially anything that could be used to imitate their client and make false applications in their name. However, the best identity theft prevention plans offer a number of further services to enable a swift and hassle free recovery of funds, and credit score.

The recovery of funds is one of the biggest concerns for victims of fraud, and while banks and credit operators are well aware of this blight on their sector, customers who take their best efforts to ensure a good standard of identity theft prevention tend to receive a more benevolent service as they report the fraud quickly - preventing further losses for the bank. It's an appreciable fact that people who take out these insurance policies are both savvy and honest, and that these customers are exceedingly low risk of making fraudulent claims. A good insurance operator will provide extensive advice, liaison and representation for their client in straightening out their affairs, offering instant credit freezing and notifying credit scoring companies of the crime.

For individuals with many credit agreements, bank accounts, mortgages, and business balance sheets it is not far short of soon becoming a sensible prerequisite to ensure that they are protected, given how these can become mutually dependent on each other. A fraudulent transaction unnoticed on a bank detail can cause chaos to credit scores if unnoticed, as mortgage payments and other liabilities bounce, creating a great deal of difficulty in correcting the individuals credit score. Identity theft prevention is sadly an increasingly a necessity in the digital age, but presents a great option for snubbing out the damage that it can wreak on personal finances.


About The Author: MyReviewsNow offers information regarding selecting identity theft protection, for more on identity theft, please visit us at http://MyReviewsNow.net

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