My Opinion

Value of LifeLock

By admin ⋅ April 5, 2008 ⋅  Email This Post ⋅  Print This Post ⋅ Post a comment

After you read this LifeLock review, you will know the value of LifeLock to guarantee our identity where we aware of the fact that internet is not the safest place to have personal accounts or carry out any transactions.

There is certainly a market for LifeLock’s services. According to Javelin Strategy and Research, there were approximately 8.4 million adult victims of identity theft in the United States during 1997. The combined losses totaled over $49 billion. It is easier
than ever for thieves to steal money from consumers using such personal information as social security numbers, credit card numbers, and bank account numbers. Even the mail in your mailbox is a treasure trove for crooks. Think of all the personal information that comes through your mailbox each day. There are bills, bank statements, credit card statement and offers, and even sometimes a box of blank checks just waiting for a criminal to intercept.

Life Lock, claims they have created a system that effectively stops an identity thief from using someone’s name and information to get what they want. For $10 a month, or $110 a year, LifeLock will register and monitor a fraud alert on your name with the three top credit reporting bureaus, Experian, Equifax, and Trans Union. When a fraud alert is in place, potential lenders are forced to call you at the number listed on the alert before they can issue you a loan or line of credit. Anyone can call one of the credit bureaus and ask for a fraud alert free of charge, but it expires after three months. Life Lock automatically renews fraud alerts for their customers. The company will also make calls to request that your name be removed from mailing lists to help you cut down on unsolicited offers. The company stands behind their services with a $1 million guarantee. If their system fails, and your identity is stolen, they will spend up to $1 million recovering your losses and investigating your case.

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