Do Those Identity Protection Services Really Work?

The new buzz words for the 21st Century are “Identity Theft”. It’s a term that has come to stir many of us into anxious thought about what would happen if someone stole their identity. We’ve all heard the stories but here are just a few:

1. A 21 year old man goes out to buy his first car only to find that his identity was stolen when he was only 10 years old and now this young man is $30,000 in debt. He can’t buy a car, a home or anything else.
2. A woman in her 70′s has her purse stolen. Before she can report this to the police and get her family to help her with calling her bank, credit card companies, etc. her bank account is emptied and her credit cards are maxed out.
3. Thieves break into a family’s home and steal jewelry, guns, and a few antiques. What the family doesn’t realize until days later is that the thieves also stole a book of their checks and now have cleaned out their bank account.

Identity theft is a $50 Billion dollar a year business. And these types of crimes are on the rise as more and more criminals opt to do their stealing online rather than actually breaking into your home or car. It’s time we all realized how critical identity theft insurance is. It’s not just something that might be nice to have. It’s just as important as life insurance or automobile insurance, especially if you own a home and have other assets worth protecting.

Standing in line the other day, I heard a guy saying that he had his own identity theft protection. His credit was so bad that he couldn’t even afford a stick of gum on credit. Everyone laughed out loud. But the truth of the matter is that unless you’re in a similar situation and your credit is so bad that not even YOU can use it, and then you need to go ahead and take the plunge and buy some Identity Theft Protection.