The cost of Identity Theft is over 50 Million US Dollars each year and rising. Identity theft costs both the government and individuals huge amounts of money and opens new concerns about the crime and its occasional link to terrorism.

Many believe identity theft is isolated and not a threat at all, in fact most people believe that it just couldn’t happen to them. Until it does.

Trusted ID is a new Identity theft and credit-monitoring company that claims to provide "the only complete solution for protecting your identity." Trusted ID provides a proactive prevention of identity theft. Basically what they do best is freeze your credit.

What does Trusted ID do that other credit protections don't?

Trusted ID is really pushing its "ID Freeze" product. The major advantage with ID Freeze is a Lender Double check, that prevents the lender from offering new credit unless they verify the user's identity via phone or e-mail first. You can freeze your credit yourself and lenders should contact you prior to offering any new credit you just need to notify the major bureaus involve, but why bother doing this where you can hire a company like TrustedID to do the job for you plus they back it up with $1,000,000 warranty.

ID Freeze also offers to its clients the ability to lock credit, preventing new accounts from being opened in their name. This may only work in certain states, however, due to various legislations. So, if you’re considering using Trusted ID’s product, do so with the guidance of someone who knows your state’s laws.

Many of the other services Trusted ID offers, like credit monitoring, identity theft insurance, and an "opt-out" program, are also offered for free or as part of services from major credit bureaus.

Here’s a summary of services that TrustedID offers for a minimal cost:

• Proactive Identity Protection
• ID Freeze
• Junk mail reduction
• Black market internet monitoring
• Enhanced lost wallet protection
• Free Annual Credit Reports
• $1000,000 service warranty
• Bank account scanning
• Credit card number scanning
• Anti-spyware protection
• Social Security Number scanning
• Name and address scanning
• Medical benefits protection
• 24/7 On call protection specialist

Trusted ID does enable the user to cover all the different bureaus at once, which is a good point as the major bureaus sometimes have communication problems. However, whether Trusted ID this is worth the money is a choice for the consumer, if you have a bit of time on your hands you could easily do the same job yourself, but remember that a credit freeze last 90 days and then you have to renew it again. Again, why bother to do it yourself. Leave it to the pros so they say. Learn more about TrustedID