Trusted ID Review
Trusted ID is the identity theft protection plan of choice for Suze Orman – the financial guru you see on TV.
Put your identity on ice with their service named “IDFreeze”.
TrustedID has earned our Editor’s Best Choice for Lowest Price Coverage.
Here’s how TrustedID works.
They send you reminders to place a fraud alert on your credit files and keep it renewed. The fraud alert requests that any lenders call you at the number you have provided to be sure it’s really you applying for new credit.
You can also choose to use their “CreditLock™” service which will place a security freeze on your credit files. This freeze runs an additional $10 at each credit bureau. You also have to pay the $10 at each bureau to unlock your files if you want to get any new accounts yourself. TrustedID will manage this for you for the additional fee. It can be a real handy feature to have because if you lose your PIN on the freeze, it’s time-consuming to remove. Read about Fraud Alert vs Security Freeze.
They’ll opt you out of getting pre-approved credit offers. It’s really nice when all that junk mail stops. In the past, I’d get 3 or 4 offers a week from the same bank!
You’ll also get:
- 3- Bureau Credit report.
- 3-Bureau Credit Score
- 3-Bureau Credit Monitoring
Credit card monitoring is included, too. TrustedID monitors your credit card numbers to be sure they haven’t been stolen. If something suspicious is found, you’ll get and immediate email alert. They also scan the internet black markets looking for misuse of your name, address, DOB, Social Security number and bank account numbers.
There are specialists who will help you check for medical fraud by reviewing your medical benefit statements to be sure no one is pretending to be you. Same kind of help with your annual Social Security statements, too. It’s become common for illegal immigrants to use a fake SSN and then you wind up owing the taxes on income you didn’t earn.
To keep hackers and malicious programs from stealing passwords and account numbers out of your computer, you get free Anti-Spyware software that you can put on up to 3 computers. It updates constantly as long as you have your TrustedID membership. This type of anti-spyware program is usually about $30 a month.
This service has a $1,000,000 Warranty to cover out of pocket costs if your identity is stolen. They will remiburse you for legal fees, lost wages and other expenses up to a million dollars.
Store your important information with TrustedID—credit and debit card numbers, insurance information, and more—and if you ever lose your wallet or need access to your information, just call their personal protection specialists. They’ll help you cancel your cards and replace them as quickly as possible.
If your identity is stolen while being a member, you’ll get a “TrustedID Claim Kit” – an information package that describes the resolution process and has educational articles. TrustedID will notify your creditors of identity fraud for you, notify the FTC and create and maintain a case file to document your identity fraud.
You can enroll with Trusted ID individually or sign-up with their family plan. The family plan is a great deal because it covers all adults and children living at the same address even if it’s your parents or other family members.
- 14 day FREE Trial
- Individual cost is $14.99 per month or $125 per year ($10.42 monthly cost when billed annually)
- Family cost is $27.99 per month or $240 per year ($20 monthly cost when billed annually)
Trusted ID does many of the things you can do yourself for free: reminders to place fraud alerts, opt-out of pre-approved credit offers and gives you an annual credit report. But I like that because it’s one less thing for me to remember to do. Kinda like buying fruit already cut up at the store.
They offer plenty of help if you should become an identity theft victim but you’re required to do most of the work yourself. Their warranty will cover lost wages if you have to go to court or miss work to restore your identity.
You can cancel your monthly plan at any time. If you have the yearly plan and cancel within the first 6 months, you’ll get a 50% refund. If it’s after 6 months, you won’t get any refund.
If you have a family with kids and/or extra adult family members, it’s the best priced protection out there.