With identity theft becoming more and more a growing threat for Americans on a daily basis, the identity theft protection business, which was virtually nonexistent 10 years ago, has become a booming industry today. One of the newest companies to enter the arena is a company called LifeLock. The company claims to have the most advanced identity theft protection system available in the market today. The purpose of this article is to provide insight into exactly how the the company’s system works and how it compares to other identity theft products available in the market.
The LifeLock system does basically three things that appear to be different from other identity theft protection services. First, it places a fraud alert on your credit files from the three major credit bureaus. A fraud alert basically requires any creditor using that credit file to grant new credit or an extension of credit in your name must contact you by telephone (using the phone number specified in the fraud alert) or take other reasonable measures to verify your identity and confirm that the credit application is not the result of a stolen identity. These fraud alerts are only active for 90 days and then […]

Full Article At: KnowHow-Now.com Articles

Bookmark to: