Lifelock Review
LifeLock can offer consumers with a number of effective services that can help to prevent against identity theft and protect the personal information that they hold in their care, including extensive monitoring and scanning features that can prevent thieves from taking advantage of your identity to commit credit frauds.
Identity Theft Prevention – Credit Reports
If an identity thief applies for credit in your name then this will be shown on your consumer credit report, which is a service provided by credit reference bureaus Experian, Equifax and TransUnions that records the complete credit history of all consumers. LifeLock provides extensive monitoring services that track the activity on your consumer credit report and alerts you quickly if any unusual activity has taken place so that you can investigate further. Monitoring services for your credit report include:
• Free Copies of your Credit Report - LifeLock will provide you will free copies of your report so that you can check through it yourself and make sure all of the credit entries are legitimate and related to credit products you have applied for yourself in the past. You can also check to make sure there are no strange addresses linked to your credit file, which can also indicate the activity of identity thieves and fraudsters. If you do spot any errors or suspicious activity then it is important that you contact the credit bureaus immediately to report this, and they will then look into this further to see if this is a genuine error, or the work of potential fraudsters.
• Fraud Alerts – this is an important tool to protect your good credit name against identity thieves and fraudsters, as once fraud alerts have been placed on your consumer credit report lenders must contact you directly to confirm any applications they receive in your name. This means that no one will be able to successfully apply for credit products such as credit cards, bank accounts, loans or utility accounts without your knowledge.
• Credit Block – this is another stage up from fraud flags, and is a very important tool for those people who have already had their personal information compromised, as it places a complete block on your credit file so that no applications for credit can be processed in your name under any circumstances. This also means that you will not be able to apply for credit yourself, but you can get the block lifted if you need to, if you want to apply for credit cards, bank accounts etc in the future.
Online Security
Online security is a big issue these days and LifeLock can help to protect your personal information against being traded on underground Internet data trading websites, and will monitoring these sites and alert you quickly if any of your information appears so that you can take immediate action.
What Happens If I do Become a Victim of Identity Theft?
LifeLock offers all of its customers with a service guarantee, which will cover them for up to $1 million should they become the victims of identity theft. This can help to cover the costs involved in resolving ID theft cases, and customers will also benefit from the support of LifeLock’s experienced identity theft specialists.