Whether applying for a credit card or buying a car, purchasing a home or establishing credit with your local utility, a good credit score not only opens the door to many of life’s great moments, it makes them affordable through lower interest rates. Most people aren’t aware that their entire credit history is maintained by companies like Equifax and Transunion including the on-time payment of credit card and mortgages for the past 4 years, outstanding balances, unpaid medical bills and much more. Maintaining a good credit score is one of the most important things you can do, and it is made more difficult by thieves stealing information from companies who have your data and using it to establish fake credit in your name.
Identity protection companies notify members when someone applies for credit in their name or tries to hide fraudulent activity by changing your address, and their fraud support specialists will help restore your good name when fraud is detected. Offering identity protection to employees is a cost effective way to help them become better stewards of their financial future.