Best Credit Protection Services

Scott Repasky
Written by
Last update:

Best Credit Protection Overall — Identity Guard

Identity Guard Credit Monitoring is one of the most comprehensive services you can get. It will protect against not only identity theft but also medical identity theft, which can hit you harder than an ID thief. You get alerts when there is an account opened in your name in addition to alerts when your credit score changes.

You also get credit score analysis reports to see why your score went up or down. Credit score analysis enables you to take steps toward improving your score in order to take out a loan. Identity Guard also backs up your credit card information with a mobile phone app. If your wallet is lost or stolen, you can use an app to find out if your credit cards have been used.

Overall, Identity Guard is a great value for all the services that it provides. You can watch the Identity Guard review video by clicking here.

Identity Guard Overview

Identity Guard is a credit protection program that monitors your credit and notifies you or takes care of it if you suddenly have incorrect information show up on your credit report. Many companies claim to do this but most only do monitoring for new accounts added to your report. Identity Guard is different in that they do both monitoring and identity theft protection.

The monitor keeps an eye on your credit report and alerts you of any new activity (accounts/loans/debt/fraud) you did not request on your credit file. If they find something they review it with you and determine if it's a legitimate account that is actually yours or if it's fraud.

If it’s fraud, they actually take steps to get the fraud removed from your credit report. With some credit monitoring companies you’re out of luck if fraud is present since they only monitor for new accounts.

Since Identity Guard is also an identity theft protection company if fraud is present they also work with law enforcement as well as the Federal Trade Commission to get it removed from your credit report.

A credit report review and fraud alerts are included with the service as well. You can also add on services like credit restoration, monthly credit monitoring, and full service identity recovery.

Pros

There are dozens of different services which are designed to protect you in the event that your credit file is ever breached by a hacker or a criminal with a scheme. The world of credit protection can be confusing because there are several different varieties of these services being marketed to you.

Among them are services which promise to monitor your credit file for any unauthorized activity, services which are designed to limit the damage if a hacker or other criminal makes unauthorized changes to your credit report, and other services which are designed to help you recover from identity theft if you ever become a victim.

The biggest problem with credit protection is that you cannot get these protections by law and they come at a very high price to purchase. As with most other credit and identity crime service products on the market you're going to have to pay for them as long as you want them. In some cases, the products may be impossible to cancel because you must agree to an ongoing contract where the monthly charge is non-refundable unless you've reported yourself as a victim of identity theft.

Could you be charged for credit protection if you don't need it? Yes. Because it is difficult to cancel these credit protection plans you could be charged every month. The people who charge you might not even know that you don't need the protection because you haven't been a victim of identity theft.

Cons

Consolidation provides a simple way to manage all monthly bills and credit card payments in one convenient location. It also gives you the ability to pay off your debt faster because all of your bills can be paid in one convenient location.

Consolidation is great if there is more than one credit card or high-interest loan account that currently shows on your credit report and you need to reduce. This is a great option to explore since it can help you to reduce the negative impact that multiple debt accounts can have on your credit score.

Consolidation involves either moving your debts to one credit card company, or of taking all of you credit card accounts and combining them onto one credit card. By having a lower number of accounts active, and by having the installment amount divided over the number of accounts, consolidation can improve your credit score.

In some cases, you may even be eligible for a low introductory APR. This quick improvement in your credit score may also open up access to better loan terms, such as a lower interest rate.

The point of credit consolidation is to help you to lower your debt by decreasing your number of creditors. This is accomplished by taking all of your debts and rolling them onto one credit card. If you pay your credit card balance in full every month, you should be able to significantly reduce or eliminate your debt.

What sets Identity Guard apart from the competition

Identity Guard’s credit protection is one of the best in the business. In addition to monitoring your credit for potentially fraudulent activity, they lock down, freeze or unfreeze your credit, and act fast to correct any errors.

Their fraud resolution process is one of the best I’ve seen and should act as a deterrent to criminals who rely on the time it takes most services to react.

Not only do they have the best processes in place, they have an excellent track record and a great reputation.

The company is headquartered in San Diego and was founded in 1999. As of 2015, they have over 5 million members. You can read more about Identity Guard’s history, privacy policies and other information on their website.

My favorite feature of their service is their fast response times. They correctly identify and resolve fraud within an hour on average. This is much faster than any other service I’ve tried. If you have some time, you can see the response times from their previous year of service. For @AshleyMullins, they resolved my issue within 24 hours.

When you sign up for their service, you can get a free credit report summary from Credit Karma. This is a great way to see how your credit is doing in general and to get an idea of any potential problems that Identity Guard may get a chance to catch.

Who it’s good for

People who are just starting out and don’t have a sterling credit history. The services are typically free and they allow you to “lock in” the better rates and terms you qualify for today. There is work involved and you’re often not given a set number of months to use the protection. Once in a while, there is a fee associated with the service, but many companies will waive it and instead place it as a credit limit on the card.

Best Credit Reporting — LifeLock

LifeLock Overview

The best credit protection services protect you from identity theft through effective credit monitoring, exposure to fraud, lost or stolen identity event notification, and resolution assistance services.

Pros

There are dozens of different services which are designed to protect you in the event that your credit file is ever breached by a hacker or a criminal with a scheme. The world of credit protection can be confusing because there are several different varieties of these services being marketed to you.

Among them are services which promise to monitor your credit file for any unauthorized activity, services which are designed to limit the damage if a hacker or other criminal makes unauthorized changes to your credit report, and other services which are designed to help you recover from identity theft if you ever become a victim.

The biggest problem with credit protection is that you cannot get these protections by law and they come at a very high price to purchase. As with most other credit and identity crime service products on the market you're going to have to pay for them as long as you want them. In some cases, the products may be impossible to cancel because you must agree to an ongoing contract where the monthly charge is non-refundable unless you've reported yourself as a victim of identity theft.

Could you be charged for credit protection if you don't need it? Yes. Because it is difficult to cancel these credit protection plans you could be charged every month. The people who charge you might not even know that you don't need the protection because you haven't been a victim of identity theft.

Cons

Consolidation provides a simple way to manage all monthly bills and credit card payments in one convenient location. It also gives you the ability to pay off your debt faster because all of your bills can be paid in one convenient location.

Consolidation is great if there is more than one credit card or high-interest loan account that currently shows on your credit report and you need to reduce. This is a great option to explore since it can help you to reduce the negative impact that multiple debt accounts can have on your credit score.

Consolidation involves either moving your debts to one credit card company, or of taking all of you credit card accounts and combining them onto one credit card. By having a lower number of accounts active, and by having the installment amount divided over the number of accounts, consolidation can improve your credit score.

In some cases, you may even be eligible for a low introductory APR. This quick improvement in your credit score may also open up access to better loan terms, such as a lower interest rate.

The point of credit consolidation is to help you to lower your debt by decreasing your number of creditors. This is accomplished by taking all of your debts and rolling them onto one credit card. If you pay your credit card balance in full every month, you should be able to significantly reduce or eliminate your debt.

What sets LifeLock apart from the competition

LifeLock is a comprehensive protection service that provides identity theft protection, credit monitoring and restoration assistance, all in one package. It provides services similar to other credit monitoring services, but it provides a broader range of services. Bottom line: they have a proven track record for keeping customers’ financial information safe and secure.

They’ve been around since 2005 and have a proven track record of excellence. Here’s why one LifeLock customer describes the company: " I had employed many different services over the years, and I can say that LifeLock is the only service that has delivered what every other service promised. If you’re looking for an online credit monitoring and identity theft protection service, LifeLock is the one!"

LifeLock stays on top of the latest news and developments in the protection industry to ensure that they are always quickly responsive to any potential issues. LifeLock is one of the few companies that offers their customers a 100% satisfaction guarantee, which gives you total peace of mind.

While LifeLock is considered one of the best in the financial protection and recovery industry, it doesn’t come cheap. But that’s because LifeLock provides a much broader range of services than any other service. There’s a risk-free trial available to find out if LifeLock is right for you.

Who it’s good for

People who are just starting out and don’t have a sterling credit history. The services are typically free and they allow you to “lock in” the better rates and terms you qualify for today. There is work involved and you’re often not given a set number of months to use the protection. Once in a while, there is a fee associated with the service, but many companies will waive it and instead place it as a credit limit on the card.

Best Bank Account Alerts — IdentityForce

IdentityForce, which monitors over 3 million risks daily for identity theft, is offering its Bank Account Alerts service for free to anyone who signs up for identity protection services. This is a great deal that will give you piece of mind knowing that your bank account will be monitored for fraudulent activity. These fraudsters will go far out of their way to make their stolen identity appear to be you. The Bank Account Alerts service from IdentityForce will look at your credit reports and let you know if there are any changes to your banking or credit products that look suspicious. The service will also monitor your credit reports for any new accounts that may be opened in your name. IdentityForce offers a whole suite of identity protection products, including credit reports, credit monitoring, online privacy protection, and more … all protecting your credit, finances, and reputation.

While IdentityForce does not monitor for every account, their service does cover the three major credit bureaus. Millions of daily transactions are monitored by identity theft experts 24 hours a day, 7 days a week, 365 days a year, to ensure the safety and privacy of your credit and banking. Your account is monitored for identity theft every single day, so you can rest easy knowing that you will have the protection that you need.

IdentityForce Overview

IdentityForce is one of the largest companies in the industry. They are experts at identity theft protection solutions. They are categorized as a TrustedId Partner. They are also a preferred monitoring and protection service of the top three credit bureaus, Equifax, Experian and TransUnion. IdentityForce also has a financial services team that reviews more than 400 best identity theft solutions on the market each year to recommend the best identity theft protection solutions to their clients. Their services include recovery, restoration and membership, along with their three main protection solutions.

If you want value, quality and peace of mind, Identity Force is a good choice for credit protection. In fact, they have plans that are free for a minimal credit score, but are still one of the best credit protection companies out there. They continuously look for new ways to help people who are actively being scrutinized by potential identity thieves.

Pros

There are dozens of different services which are designed to protect you in the event that your credit file is ever breached by a hacker or a criminal with a scheme. The world of credit protection can be confusing because there are several different varieties of these services being marketed to you.

Among them are services which promise to monitor your credit file for any unauthorized activity, services which are designed to limit the damage if a hacker or other criminal makes unauthorized changes to your credit report, and other services which are designed to help you recover from identity theft if you ever become a victim.

The biggest problem with credit protection is that you cannot get these protections by law and they come at a very high price to purchase. As with most other credit and identity crime service products on the market you're going to have to pay for them as long as you want them. In some cases, the products may be impossible to cancel because you must agree to an ongoing contract where the monthly charge is non-refundable unless you've reported yourself as a victim of identity theft.

Could you be charged for credit protection if you don't need it? Yes. Because it is difficult to cancel these credit protection plans you could be charged every month. The people who charge you might not even know that you don't need the protection because you haven't been a victim of identity theft.

Cons

Consolidation provides a simple way to manage all monthly bills and credit card payments in one convenient location. It also gives you the ability to pay off your debt faster because all of your bills can be paid in one convenient location.

Consolidation is great if there is more than one credit card or high-interest loan account that currently shows on your credit report and you need to reduce. This is a great option to explore since it can help you to reduce the negative impact that multiple debt accounts can have on your credit score.

Consolidation involves either moving your debts to one credit card company, or of taking all of you credit card accounts and combining them onto one credit card. By having a lower number of accounts active, and by having the installment amount divided over the number of accounts, consolidation can improve your credit score.

In some cases, you may even be eligible for a low introductory APR. This quick improvement in your credit score may also open up access to better loan terms, such as a lower interest rate.

The point of credit consolidation is to help you to lower your debt by decreasing your number of creditors. This is accomplished by taking all of your debts and rolling them onto one credit card. If you pay your credit card balance in full every month, you should be able to significantly reduce or eliminate your debt.

What sets IdentityForce apart from the competition

I've been using IdentityForce credit protection for 14 years now, and it's been worth every penny. I can't imagine having to deal with identity theft and the many forms, phone calls, and hours required to repair the harm that it causes to my credit and credit rating. IdentityForce's credit protection helps me to sleep better at night, knowing that I have the best defense possible to deal with identity thieves.

IdentityForce works by giving me unlimited 24-hour access to a dedicated and experienced phone call team. This team has helped me with every single identity theft situation I've ever dealt with. The phone call team works exclusively with me, and their job is to help me. IdentityForce's approach is different from the competition in a few key ways.

Who it’s good for

People who are just starting out and don’t have a sterling credit history. The services are typically free and they allow you to “lock in” the better rates and terms you qualify for today. There is work involved and you’re often not given a set number of months to use the protection. Once in a while, there is a fee associated with the service, but many companies will waive it and instead place it as a credit limit on the card.

Best Credit Theft Prevention and Detection — IDWatchdog

IDWatchdog is the best service if you want to protect your credit and report from theft, identity theft, and scams. The company will connect you with a reputable credit service who will work with you to remove incorrect information from your credit report as well as alert you as soon as someone tries to open an account in your name or make changes to an account you already have.

This is a great way to keep an eye on your credit report or if you’ve already been a victim of identity theft. After your case is opened, you will receive the majority of the discount on any products or services that you purchase. The company can also help connect you with a local ID recovery and restoration company for victims of identity theft.

In addition to your credit protection monitoring, IDSafety will also send you credit monitoring alerts by email, phone, and text. This way you always know exactly when important information has been added or removed from your credit report. They also have a very comprehensive identity theft solution for victims of identity theft. This way you don’t have to deal with credit repair companies that do nothing but charge you high fees and then leave you hanging with a poor quality repair service.

IDWatchdog Overview

Identity theft has become a growing problem for people across the globe, and it's up to you to protect your identity from being stolen. Only two types of entities have access to your personal information: the businesses you do business with and criminal hackers that use your information to create false identities in order to commit crimes or engage in fraud.

There are many strategies to protect your identity and your credit history. One way is to sign up with companies that protect your identity. The companies offer a wide range of services including identity monitoring, alert and notification services, credit score monitoring, lost wallet protection and other services.

Companies look for a variety of factors that may lead to potential identity theft. ?You can check your credit report every ninety days. Another way to protect your identity is to be sure to use a secure password on your computer, avoid public Wi-Fi networks, do not share your password with anyone and verify your personal information before you enter it online or on paper. Freezing your credit with the three credit bureaus isn't guaranteed to prevent identity theft. However, freezing your credit stops credit card companies, utilities and lenders from adding new lines of credit.

Pros

There are dozens of different services which are designed to protect you in the event that your credit file is ever breached by a hacker or a criminal with a scheme. The world of credit protection can be confusing because there are several different varieties of these services being marketed to you.

Among them are services which promise to monitor your credit file for any unauthorized activity, services which are designed to limit the damage if a hacker or other criminal makes unauthorized changes to your credit report, and other services which are designed to help you recover from identity theft if you ever become a victim.

The biggest problem with credit protection is that you cannot get these protections by law and they come at a very high price to purchase. As with most other credit and identity crime service products on the market you're going to have to pay for them as long as you want them. In some cases, the products may be impossible to cancel because you must agree to an ongoing contract where the monthly charge is non-refundable unless you've reported yourself as a victim of identity theft.

Could you be charged for credit protection if you don't need it? Yes. Because it is difficult to cancel these credit protection plans you could be charged every month. The people who charge you might not even know that you don't need the protection because you haven't been a victim of identity theft.

Cons

Consolidation provides a simple way to manage all monthly bills and credit card payments in one convenient location. It also gives you the ability to pay off your debt faster because all of your bills can be paid in one convenient location.

Consolidation is great if there is more than one credit card or high-interest loan account that currently shows on your credit report and you need to reduce. This is a great option to explore since it can help you to reduce the negative impact that multiple debt accounts can have on your credit score.

Consolidation involves either moving your debts to one credit card company, or of taking all of you credit card accounts and combining them onto one credit card. By having a lower number of accounts active, and by having the installment amount divided over the number of accounts, consolidation can improve your credit score.

In some cases, you may even be eligible for a low introductory APR. This quick improvement in your credit score may also open up access to better loan terms, such as a lower interest rate.

The point of credit consolidation is to help you to lower your debt by decreasing your number of creditors. This is accomplished by taking all of your debts and rolling them onto one credit card. If you pay your credit card balance in full every month, you should be able to significantly reduce or eliminate your debt.

What sets IDWatchdog apart from the competition

Is that they have built their business for people, not just against them. You can review your credit pull alerts, score, and dispute notices, in your secure online account. You can set up email or text alerts to notify you at pre-defined thresholds or when an account is about to be pulled.

They have impressive account alerts that approach the level of fraud protection. IDWatchdog provides an amazing level of credit coverage that puts other credit monitoring companies to shame.

Other credit protection services offer one free monthly credit report from one credit bureau. IDWatchdog is able to help you with more than just one free credit report. They offer several plans for a monthly fee that allow you to apply credit monitoring coverage to not just your monthly credit reports with one bureau, but all three. You can extend your protection to your debit card transactions, consumer reports, and even your personal record. It can get confusing, but all in all, IDWatchdog is just a less expensive alternative with more features.

What do you have to lose? Give them a try, and you may just be amazed.

Who it’s good for

People who are just starting out and don’t have a sterling credit history. The services are typically free and they allow you to “lock in” the better rates and terms you qualify for today. There is work involved and you’re often not given a set number of months to use the protection. Once in a while, there is a fee associated with the service, but many companies will waive it and instead place it as a credit limit on the card.

Best Credit Restoration — Experian IdentityWorks

The Federal Trade Commission recently released a report highlighting the fact that identity theft is much more prevalent than most people had previously thought. In fact, 1 in every 14 people have been a victim of identity theft, and most of them do not know it has happened until it is too late.

Identity theft is essentially stealing your personal information, whether it be your credit card information, your social security number, your ethnic information, etc. Most of the time they use this information to open up new credit accounts, where they will steal the available balance.

If you have been a victim of identity theft or credit fraud, the Experian IdentityWorks team can help you recover and rebuild your credit.

Experian IdentityWorks Overview

Broadly speaking, IDW does the following:

  • Helps validate business and personal information
  • Helps detect fraud
  • Helps businesses with security
  • Helps consumers with security

In this review, we will discuss the features of the Experian service from the consumer perspective. There is a Business section as well, but the Consumer section helps you protect your identity and don’t require a business request.

The IDW website walks you through the process of setting up an account. If you prefer, there is a toll-free number that you can call, where a representative will help you get started. There is also a detailed FAQ that answers many technical and general questions about the service.

Once you set up an account, you fill out your information and the process is fairly straightforward. To set up a sophisticated profile or for more active tracking, you need to go through a few more screens. The basic advice is that you should validate and monitor your address, a cell phone number, and your email address. Experian is geared towards the North American market, so be sure to specify that you are located in the US or Canada.

Pros

There are dozens of different services which are designed to protect you in the event that your credit file is ever breached by a hacker or a criminal with a scheme. The world of credit protection can be confusing because there are several different varieties of these services being marketed to you.

Among them are services which promise to monitor your credit file for any unauthorized activity, services which are designed to limit the damage if a hacker or other criminal makes unauthorized changes to your credit report, and other services which are designed to help you recover from identity theft if you ever become a victim.

The biggest problem with credit protection is that you cannot get these protections by law and they come at a very high price to purchase. As with most other credit and identity crime service products on the market you're going to have to pay for them as long as you want them. In some cases, the products may be impossible to cancel because you must agree to an ongoing contract where the monthly charge is non-refundable unless you've reported yourself as a victim of identity theft.

Could you be charged for credit protection if you don't need it? Yes. Because it is difficult to cancel these credit protection plans you could be charged every month. The people who charge you might not even know that you don't need the protection because you haven't been a victim of identity theft.

Cons

Consolidation provides a simple way to manage all monthly bills and credit card payments in one convenient location. It also gives you the ability to pay off your debt faster because all of your bills can be paid in one convenient location.

Consolidation is great if there is more than one credit card or high-interest loan account that currently shows on your credit report and you need to reduce. This is a great option to explore since it can help you to reduce the negative impact that multiple debt accounts can have on your credit score.

Consolidation involves either moving your debts to one credit card company, or of taking all of you credit card accounts and combining them onto one credit card. By having a lower number of accounts active, and by having the installment amount divided over the number of accounts, consolidation can improve your credit score.

In some cases, you may even be eligible for a low introductory APR. This quick improvement in your credit score may also open up access to better loan terms, such as a lower interest rate.

The point of credit consolidation is to help you to lower your debt by decreasing your number of creditors. This is accomplished by taking all of your debts and rolling them onto one credit card. If you pay your credit card balance in full every month, you should be able to significantly reduce or eliminate your debt.

What sets Experian IdentityWorks apart from the competition

Of the seven major credit reporting agencies in the U.S., Experian is the only one to provide credit protection services for its clients. While other agencies or companies offer other services such as credit monitoring, identity protection, etc., only Experian offers the combination of these different services in what they call a multi-layered protection plan.

What makes Experian IdentityWorks different from other credit protection companies?

Multi-Layer Protection

Experian takes an altogether different approach to credit protection from its competitors, and we believe this is one of the main reasons we stand out from the crowd. Rather than offering its customers a single layer of protection, it offers two, both designed to protect your identity and keep your credit safe. These layers are:

Who it’s good for

People who are just starting out and don’t have a sterling credit history. The services are typically free and they allow you to “lock in” the better rates and terms you qualify for today. There is work involved and you’re often not given a set number of months to use the protection. Once in a while, there is a fee associated with the service, but many companies will waive it and instead place it as a credit limit on the card.

Credit Breaches and Credit Protection

Your credit standing or score is a three-digit number which reflects on your credit report. It’s like an income statement that provides a general view of how solid your financial situation is based on your past credit card and loan activities.

This is why it’s so important to protect your credit score. It’s basically a way to tell other lenders that you are a financially responsible individual. The higher your credit score, the more likely you can qualify for lower interest rates on your credit cards and loan applications.

In case your credit card gets lost or stolen, it’s easier for you to get a new card from the same bank. Also, building a good, solid credit history can help you secure your dream car. Banks may even require a minimum credit score to secure your car loan. Therefore, having a good credit standing is very important in your life.

If you plan to apply for credit, accurately monitor your credit report to detect any potential credit breaches ahead of time. It will give you a chance to report it faster and take measures to get it reversed. This is why it’s very important to have a credit protection service like PrivacyProtect in place.

Credit Monitoring & Reporting

A credit score represents a person's or entity's financial health or reliability. Credit reporting agencies maintain these credit scores and enable potential creditors to determine an individual's creditworthiness by collecting and reporting a variety of financial information. This figures prominently in decisions concerning whether to extend credit or provide certain types of goods or services. With a bad credit score, getting approved for financial facilities is likely to be difficult unless the individual has considerable assets to offer as a down payment.

The individual credit bureaus, Equifax, Experian, and TransUnion, are all competitors vying for a share of the billion-dollar credit reporting industry. These corporations are leaders in the collection of credit information and the computation of credit scores, offering, in addition to loan approval, a variety of other services related to this information.

Credit protection services, specifically credit freezes (or security freezes), have been the forefront of credit reporting since we were hit by the massive corporate crimes of Equifax, Experian, and TransUnion's: Wells Fargo, Target, and Home Depot data breaches in 2017.

In 2018, you will have the option to add an extra free layer of security to your credit report by requesting your credit report be frozen, thereby temporarily stopping anyone from accessing your credit report. This will give you time to really look over your personal information on all three credit report agencies. You also can stop telemarketers from having access to your information.

The Bottom Line

Your credit file is arguably the most important work of your life. It weighs on many of your important life decisions such as where you'll live, what type of mortgage you'll qualify for and even if you'll be able to get a job.

Because of this, you want to make sure that the information in it is completely accurate. Comprehensive credit protection services will help you obtain this somewhat lofty goal. Your provider will monitor your financial status as well as your credit file for information that is inaccurate or suggests trouble and then help you obtain the necessary changes. This sounds like a tall order, but don't worry, the experts have done it thousands of times.