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Blog > Member Benefits > How to Prevent Loan Fraud: Loan Monitoring
 February 24, 2020

How to Prevent Loan Fraud: Loan Monitoring

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In addition to the possibility of being responsible for paying back the debt, unauthorized loans taken in you name can negatively impact your credit report – leading to higher payments on future loans and more.

IDShield’s Payday Loan Monitoring service provides non-credit loan monitoring for short-term payday or similar cash advance loans. We will screen online, rent-to-own and payday lender storefronts for unauthorized activity involving your personal information. If we detect any suspicious activity, we will send you an alert. Then you can decide if it is truly a fraudulent incident; if so, our Licensed Private Investigators will come to your aid with one-on-one support to help resolve the issue.

Take back your privacy with personalized protection.

IDShield helps protect your sensitive information so you don’t have to worry. If your identity is compromised, we will do whatever it takes for as long as it takes to restore your identity to its pre-theft status.

We offer a host of benefits, including monitoring. IDShield watches over your social media, bank accounts, credit score and the areas of your life that you would like to keep private and protected. Start your 30-day free trial today.

IDShield is a product of Pre-Paid Legal Services, Inc. d/b/a LegalShield (“LegalShield”). LegalShield provides access to identity theft protection and restoration services. For complete terms, coverage and conditions, please see All Licensed Private Investigators are licensed in the state of Oklahoma. This is not intended to be legal advice. Please contact an attorney for legal advice or assistance.


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