BUSINESS LAW: Wells Fargo improves current Identity Theft Protection

June 17, 2010

San Francisco - Financial services company Wells Fargo has recently introduced the Enhanced Identity Theft Protection, an improved and expanded version of their original Identity Theft Protection, which can help customers monitor their credit and check.

The new Identity Theft Protection includes monthly triple credit bureau reports and scores, online calculators, credit score tracker, and credit score alerts.

A Credit Score Stimulator is also incorporated with it, which helps customers see how credit scores change when debts on mortgages or credit cards are reduced. It will also help them refinance a loan and apply for credit card or consolidate debt into a new account.

The company improved this service in response to customers demand. Internet Services Group Online Service Marketing Manager Melanie Donaghy said that the improved Identity Theft Protection will “provide customers with a way to monitor their credit to help watch signs for identity theft.”

“Customers told us they care about their credit score, so our enhanced service gives them more of an ongoing credit management tool,” she added.

According to Wells Fargo Insurance Direct Response Group Manager Robert Dudacek, “customers are not only interested in getting their credit score but also in understanding it better and tracking how it changes over time.”

The people’s interest against identity theft, and credit management and finances became apparent amidst unstable economy.