Should You Pay for Identity-Theft Protection? Ask Yourself These Questions First.

Identity theft is becoming a more pervasive problem, with nearly 1.4 million reports of identity theft received by the Federal Trade Commission in 2021. That’s on par with 2020, but about double the number reported in 2019.

Given this trend, more people may be weighing paid services to help monitor for, protect against and clean up issues related to misuse of credit and compromised credentials. While paid services can be useful, there are several things consumers should ask themselves before going down this road.

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