CYID vs. Fraud Alert Services

Fraud Alerts can be placed on your credit file serve as a notice to creditors and others reviewing applications involving your identity that such applications may be fraudulent and you wish to be contacted to confirm any activity involving your identity. Fraud alerts can be placed for 90 days by you for free, and many Fraud Alert Services will charge you request a fraud alert every 90 days on your behalf for a price.

Disadvantages of Fraud Alert Services

1. Fraud alerts are available to you for free. While using a Fraud Alert Service to manage the renewal process makes doing so a bit easier, is it worth the cost?
2. Fraud alerts are only placed on your credit file with the three major credit bureaus. Banks, employers, hospitals, government agencies and many others are not notified that you may be at risk of identity theft or instructed to contact you are among the few such organizations that purchase credit reports.
3. Cannot protect most children since they do not have credit files upon which to place a fraud alert.
4. Unless combined with other services, fraud alert services do not monitor your identity for possible identity theft. Nor do they restore your identity or reimburse your expenses in case of identity theft.

PRIME™ Score = 20% (Poor)

Because Fraud Alert Services offers no proactive protection benefit beyond the credit file, no help with restoration, no expense reimbursement and no capacity to monitor the most important databases for fraud, they offer very incomplete protection if you want to control your ID.

Expert opinion

It should not be purchased on its own under any circumstances and should not be considered an effective identity theft protection service on its own.

Advantages of CYID

CYID has the following advantages:

1. Prevents identity theft with proactive identity protection that instructs lenders and others to verify all applications with you directly before approving them.
2. Restores identity records if identity fraud occurs
3. Informs you of new risks including data breaches and teaches you how to avoid them
4. Available protection for children
5. Monitors the credit file with CRANE™ at no charge
6. Expense reimbursement guarantee up to $1 Million should identity theft strike

Enjoy the peace of mind that comes from knowing you Control Your ID. Enroll now!