Comments on: Zander Identity Theft Review http://www.idprotectionguide.net/zander-identity-theft-review/ Trusted Identity Theft Reviews Wed, 12 Oct 2011 22:29:10 +0000 http://wordpress.org/?v=abc hourly 1 By: Jeff Zander http://www.idprotectionguide.net/zander-identity-theft-review/comment-page-1/#comment-3381 Jeff Zander Wed, 04 Aug 2010 13:57:24 +0000 http://www.idprotectionguide.net/?p=748#comment-3381 The emphasis on prevention and detection is the fallacy of the entire ID Theft industry. You can't prevent ID Theft. You can take certain "common sense" steps to help avoid certain exposures. However, all of the companies you noted as offering prevention/detection services, especially those with million dollar guarantees, are basically just marketing hype that play upon people's lack of understanding of what ID Theft really is and how is occurs. The plans you noted as being of value almost exclusively focus only on Financial ID Theft which now accounts for less than 1/2 of all ID Theft events. They tend to emphasize credit monitoring, fraud alerts, freezes and other nebulously defined prevention services that on their best day have been proven to have limited effectiveness. That is why the founder of LifeLock has been a victim of ID Theft 13 times along with all of their other legal and FTC issues. Additionally, the restoration/assistance services offered, if you do become a victim, are severely limited by specifically worded "guarantees" that only apply through the fault and defect of their service. If a creditor extends credit without checking your credit report then where is the fault and defect of the credit monitoring service. It is a marketing shell game which is why the FTC came down so hard on these players recently. In addition, most of all these preventative or detection services can be done for free on your own which is another reason not to waste money on them. The other major issue of prevention/detection is related to the ever growing uses for people personal information. ID Theft has grown to include Medical, Insurance, Benefit, Social Security, IRS, Utility, Employment and Criminal fraud which has nothing to do with new account/financial fraud. None of these events show up on your credit bureau so there is no way for these plans to detect or prevent their occurrence. The plans you noted really equate to buying extra smoke detectors for your home but going without fire insurance which is not a very effective strategy. Dave Ramsey's endorsement of our program for his listeners is based on the same premise he emphasizes every day regarding smart financial decisions. You want to find a plan that provides you the broadest protection possible for the risks you face and to do so in the most economical manner. This allows you to transfer away risk that you don't want to assume but save dollars so that you can emphasize more important financial priorities such as getting out of debt. I appreciate the forum that you have created and hope my comments have added value. The emphasis on prevention and detection is the fallacy of the entire ID Theft industry. You can’t prevent ID Theft. You can take certain “common sense” steps to help avoid certain exposures. However, all of the companies you noted as offering prevention/detection services, especially those with million dollar guarantees, are basically just marketing hype that play upon people’s lack of understanding of what ID Theft really is and how is occurs. The plans you noted as being of value almost exclusively focus only on Financial ID Theft which now accounts for less than 1/2 of all ID Theft events. They tend to emphasize credit monitoring, fraud alerts, freezes and other nebulously defined prevention services that on their best day have been proven to have limited effectiveness. That is why the founder of LifeLock has been a victim of ID Theft 13 times along with all of their other legal and FTC issues. Additionally, the restoration/assistance services offered, if you do become a victim, are severely limited by specifically worded “guarantees” that only apply through the fault and defect of their service. If a creditor extends credit without checking your credit report then where is the fault and defect of the credit monitoring service. It is a marketing shell game which is why the FTC came down so hard on these players recently. In addition, most of all these preventative or detection services can be done for free on your own which is another reason not to waste money on them.

The other major issue of prevention/detection is related to the ever growing uses for people personal information. ID Theft has grown to include Medical, Insurance, Benefit, Social Security, IRS, Utility, Employment and Criminal fraud which has nothing to do with new account/financial fraud. None of these events show up on your credit bureau so there is no way for these plans to detect or prevent their occurrence. The plans you noted really equate to buying extra smoke detectors for your home but going without fire insurance which is not a very effective strategy.

Dave Ramsey’s endorsement of our program for his listeners is based on the same premise he emphasizes every day regarding smart financial decisions. You want to find a plan that provides you the broadest protection possible for the risks you face and to do so in the most economical manner. This allows you to transfer away risk that you don’t want to assume but save dollars so that you can emphasize more important financial priorities such as getting out of debt.

I appreciate the forum that you have created and hope my comments have added value.

]]> By: Shiela http://www.idprotectionguide.net/zander-identity-theft-review/comment-page-1/#comment-3198 Shiela Thu, 15 Jul 2010 18:07:45 +0000 http://www.idprotectionguide.net/?p=748#comment-3198 Zander ID Theft doesn't do anything. It's cheap but you get what you pay for. Go with GuardDog ID or TrustedID. Zander ID Theft doesn’t do anything. It’s cheap but you get what you pay for. Go with GuardDog ID or TrustedID.

]]> By: Sm722 http://www.idprotectionguide.net/zander-identity-theft-review/comment-page-1/#comment-3098 Sm722 Fri, 09 Jul 2010 20:48:51 +0000 http://www.idprotectionguide.net/?p=748#comment-3098 Well I do love his books but good review. Thanks. Well I do love his books but good review. Thanks.

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