Recently, I was talking with a coworker who had purchased the Suze Orman Identity Theft Kit. In January 2008, the TrustedID blog announced:
"Financial expert Suze Orman and TrustedID have launched Suze Orman’s Identity Theft kit, the first identity theft protection solution that protects the financial and personal information of all members of a household. Shortly after launching on QVC, the kit will be available online at www.suzeorman.com and TrustedID.comas well as through leading retailers nationwide."
I checked www.suzeorman.com and consumers can purchase the kit online. At the site, click on "Identity Theft Kit" in the left column navigation area. According to the site, the kit contains the following:
- Two People Protection
- Medical Record Protection
- Anti-Spyware Software
- Lost Wallet Protection
- Address Scanning
- Enhanced Junk Mail Reduction
- Credit Card No. Scanning
- Annual Credit Reports
- Bank Account No. Scanning
- $1 Million Service Warranty
- Child Identity Theft Protection
- Fraud Flag Placement
- Elderly Parent Identity Theft Protection
At first glance, the service seems to have a lot of value. It definitely seems worth consideration for consumers who have no identity protection in place today. However, I found the web site content very thin. The site did not explain many of the kits features. So, it's hard to tell exactly what is offered for "Medical Record Protection," "Address Scanning," "Bank Account Number Scanning," and the "$1 Million Service Warranty." Unfortunately, the QVC page didn't supply any more detail either. Maybe the actual television pitches explains these features, but I rarely watch QVC.
There are about 46 user-submit product reviews at the QVC page. You may find some of these helpful. Most of the reviews are positive, but the negative ones seem to be where consumers encountered technical problems installing the kit software and returned the product. Some of the reviewers noted that the kit does not cover department store charge cards.
For me, the kit provides services I already have from other credit monitoring services. Regarding Fraud Alerts, I added those to my credit reports on my own. I already have anti-spyware software for my home computer from McAfee. To reduce spam and junk mail, I have already signed up at several free opt-out resources for consumers.
Later this Spring, I plan to post a detailed comparison of several of the leading identity protection solutions for consumers. The comparison will definitely include Orman's Identity Theft Kit. I've Been Mugged readers would love to hear the opinions or experiences anyone has had with the Suze Orman Identity Theft kit.