Identity theft protection worth it

At 1or so per year, its not cheap. Itaposs a market worth billion, according to the research firm IBISW orld. Retirement Living Dec 1 20In short, they do provide a benefit, but its worth noting that nearly everything an identity theft protection service offers, you can do on your own. Ive read horror stories of people spending months to unravel the problems. Are Identity Theft Protection Services Worth It?

But it could be well worth it if it saves you 10-hours. If someone assumes your identity they can open new credit cards, raid your bank accounts, ruin your employment prospects, or even commit crimes for which you are blamed.

With so much at stake, many people are paying or more a month for identity theft protection. May 2 20Like you, I look at Identity Theft protection as insurance mostly for the time and effort it takes to unravel the mess. Consumers Advocate In a nutshell, identity theft protection companies offer to monitor your credit reports and personal information to alert you of any suspicious activity in exchange for a fee. You may be concerned about identity theft these days, and with good reason.

days ago Are Identity Theft Protection Services Worth It? NerdWallet Oct 2 20Identity theft protection companies pledge to act as guardians of your personal information, for a monthly or annual fee. USA TODAY Apr 2 20Many turn to identity theft service providers. Generally, they start with credit monitoring and layer on.

According to the Government Accountability Office, about to 60.

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Is identity theft protection worth it? - USA TODAY

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