How Does Lifelock Work
Does Lifelock work is the question I get asked most on my identity theft blog. The best way to decide if Lifelock works is to check a few figures. The government tell us that for every one million Americans approximately 30 000 of them will be a victim of identity theft each year. Lifelock Com has close to a million customers and so far less than 80 of those have made a claim on their $1 million guarantee.
How does Lifelock work ? Lifelock works by placing fraud alerts on your credit files on your behalf. This means that any company who does a credit check on you causes a red flag to be raised and you are informed. Credit checks are carried out when someone applies for credit, a loan, a credit card etc. Lifelock also ensure your name is removed from mail lists as the less your details are spread around the less chance of them falling into the wrong hands.
How well does Lifelock work compared to other identity theft protection companies? Lifelock stops your identity from being stolen where as other identity theft protection companies such as IdentityTrust monitor your credit and report unusual activity to you AFTER the event. Because Lifelock place a fraud alert on your credit file the only way possible for someone to misuse your name to gain credit is if the provider of the line of credit did not do a credit check and because identity theft is now a major problem (its the fastest growing crime in America) this is very unlikely to happen.
Does Lifelock work with credit experts because I have heard I can do everything that Life Lock Com does for myself? Lifelock use experts who know exactly how the system works and make sure your fraud alerts are in place at all times. The 3 credit bureau’s don’t like you to place a fraud alert against your name and they certainly do not like your name being removed from mail lists as it is the sale of these lists that make them so much money. For this reason they don’t make it easy for you to do it yourself. Each alert only lasts a certain amount of time and for it to be effective you cannot let it lapse.
You could probably carry out the work involved yourself if you wanted to but why do that when a specialist company like Life Lock will do it for the price of your daily paper? Not only that though because you are also getting the peace of mind that only comes from knowing you have had a professional carry out a job for you and that their work is backed up by a $1 million guarantee. Perhaps that in itself is an important reason to use Lifelock because not only does Lifelock work but it brings peace of mind.