In order to understand why Control Your ID is different from other identity theft service providers, you have to understand how we protect your identity and the role that the credit bureaus play in your life. Once you do, you’ll understand why their recommendation of RelyData to consumers and organizations alike is such an important consideration as you decide who to do business with.
The credit reporting agencies or credit bureaus as they are often called play a critical role in our personal financial lives. They maintain files on the personal and financial history of nearly every adult in the United States and these files incorporate the regular financial updates from thousands of lenders, and other organizations that we all do business with. The credit bureaus merge and then share this information with other lenders, employers, insurers and a wide variety of other organizations who want to evaluate us for everything from credit cards and insurance to employment and housing.
Your credit file and resulting credit score can play an important role in determining everything from who will extend you credit to what you pay for auto insurance. When you consider how connected the credit bureaus are to your everyday life, Control Your ID wants you to also consider how important working with the credit bureaus is to protecting your identity and resolving an identity theft incident should you fall victim to fraud.
We are the only outside company we know of that has ever been recommended by the credit bureau industry. Think about that. Since we first began in 2004, RelyData has had a close relationship with the credit bureaus. When an identity theft victim has had a credit card or cell phone opened fraudulently, being able to get that resolved quickly is something we can accomplish quickly because of those relationships. Many companies buy credit reports from or other services from the credit bureaus but that won’t do much to help you protect your identity.