Has anyone heard or had any experiences with the new "identity guards" I've heard radio commercials for? It's like an identity theft insurance policy. They say they make it so absolutly no one can open accounts in your name but you, and they say they back it up with up to $1,000,000 if someone steals your identity.
I'm interested in hearing if anyone has tried this or knows anything else about it. It sounds like a great idea, but if there's some fullproof way of keeping your identity safe, shouldn't it be made public so everyone can protect themselves?
I can't tell from the commercials I've heard if it's just straight insurance, or if it's something else. I can't remember the name of the company, but I think it's something like LifeLock, Identity Guard, or something like that.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.