You can never be too careful with your personal information.
The reality is that millions of consumers are victims of identity theft every year. Attackers can use your information in a number of ways from making large purchases with a new credit card to opening new accounts in your name. Both of which can negatively affect your credit score or even prevent you from applying for a loan.
Credit MonitoringFraud protection offers a number of features you cannot get anywhere else. One feature is monitoring your credit data from the major bureaus. If certain types of activity are detected, you receive a prompt alert so you can take immediate action. This might involve contacting the credit issuers to close a fraudulent account or filing a report with the local police.
Security Software Tools
Personal Recovery AssistanceAnother benefit of fraud protection services is the personal recovery assistance that you get. If your identity is ever stolen, you receive personal guidance on the next steps to take with your credit issuers and the local police. This is particularly useful to help recover your identity and minimize certain financial damage. Many services now also offer identity theft insurance to cover any expenses that occur from identity theft.