Paypal offers free identity theft protection

If you use Paypal to buy things on the web you are entitled to some free protection.

Paypal now offers free Equifax Credit Alerts to its users. They’re an early warning detection system that monitors your credit file and alerts you to potentially fraudulent activities – for example, if someone tries to obtain credit in your name. .

Paypal claims that effective credit monitoring can cut fraud losses by up to 90%.

But do remember that Equifax is only one of the three major credit reporting agencies. Details on all of them are at the main site on my page on Credit Reporting Agencies.

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