Consumers rely on credit cards to make many transactions, and retailers encourage the use of plastic. It̵7;s convenient and easy to treat, but identity theft is a serious problem. This is why credit monitoring is an important service.
Good credit monitoring can detect signs of identity theft, alert consumers to changes in credit information, and detect errors in the reports the consumer receives, allowing a person to take action as soon as possible. Credit report monitoring helps an individual improve credit scores and promotes peace of mind.
However, there are some challenges with credit monitoring services:
- Coverage can be limited and expensive.
- The credit monitoring service may only alert the consumer to the situation.
- There is not always a good backup service.
What are the characteristics of a good credit monitoring service?
Several features should be part of the coverage:
All three major credit bureaus should be monitored, and alerts should be issued for suspicious activity, including new accounts or inquiries and unexplained credit limit changes.
A person should not have to wait until the end of the month to receive a warning. Real-time alerts notify consumers of suspicious activity. The consumer needs to know immediately, and the warnings should be tailored to meet the individual’s needs.
The service should provide access to knowledgeable customer support representatives who can answer questions and provide guidance on how to fix any issues. Additional customer service assistance helps a person deal with what can be a very stressful situation.
Reasonable pricing that provides excellent value for money is essential. A consumer should be able to choose a plan that suits their needs and budgets. There should not be a plan to take it or leave it.
Nationwide Pre-Paid Legal Services provides group legal plan benefits for organizations. We are aware that individuals and those who are self-employed would appreciate the chance to receive credit monitoring services. That’s why we offer affordable and effective protection against identity theft and credit monitoring.
Some of the features
Nationwide empowers an individual to have their own identity theft and credit monitoring plan. A person gets a choice of different levels of coverage that can coincide well with their security needs and budget.
The goal of Nationwide Prepaid Legal Services is to provide comprehensive coverage.
We have great choices, and our group law plan benefit shows it. We’re continuing that same opportunity by letting people choose from four types of coverage: the Diamond ID plan, the Platinum Plus ID plan, the Premier Plus ID plan and the Silver Plus ID plan.
Each offers 24/7 credit monitoring and alerts and $1 million ID theft insurance. Each plan also has dark web and internet monitoring. The customer service a person receives depends on the plan chosen.
Still, there are ID Theft Fraud Restoration Services that assign a US-based fraud restoration specialist to a plan member who has been the victim of identity theft. Additionally, credit bureau reports and credit scores are available in three of the four plans.
The benefits of nationwide prepaid legal services can extend to family protection, and an individual can be notified of sudden credit rating changes. Lost wallet protection and replacement assistance are available in all four plans. Anyone who wants their credit monitored will be more than happy with what Nationwide Prepaid Legal Services provides.
We offer other benefits that an organization may be interested in having for all of its employees. For example, our group legal plan has prepaid legal services that address everyday problems. If you would like to know more about Countrywide and what we can do, please contact us as soon as possible. We are happy to discuss the benefits of our group legal plan and our identity and credit monitoring plans.