I had seen a news report about LifeLock. The CEO gave out his social security number on TV! The reporter tried to use it to open new accounts and couldn't. I wasn’t sure that I needed this service. Heck, I’m a very careful guy—ask any of my family and friends. Okay so maybe having locked mailboxes, shredding all docs, having a premium locks and alarm system, owning two German Sheps, having spot lights and the machine gun foxhole in the front yard is a *little* much. :o)
Later, I heard from the Army and then the VA that they had lost control of my private information. Sigh, I was mad. Aaron Freeman’s company wrote us retired military guys and offered us a discount on the first few years of the service so I signed up. I mean reducing the number of credit cards I own, carefully scouring my monthly credit card statements, checking my credit takes a lot of time. (Still have to do that though.)
But I do recommend to my friends and family to subscribe to this service. I was reminded of this service last week when a friend of mine got their purse stolen out of their cars while on vacation. Here we go again…
All these identity theft companies do is place a fraud alert on your credit report.
OR worse place a credit freeze on your credit reports.
It's not a guarantee because it can be ignored by creditors.
It's a half truth these people sell, because anyone can place a fraud alert on their account if you contact all the credit bureaus yourself, they're all required by law to have these things in place.
I'm all for protecting people's identity. I write software that screens people by getting their credit data and criminal data. So, I've had to go through all this training to find out that what these other companies are doing is exploiting a loophole in the system that allows them to place credit freezes and fraud alerts on other peoples' accounts. It's just a knowledge thing.
Save your money, don't buy the service. If you feel your identity is in fact compromised, then place the fraud alert yourself or go even further to place a credit freeze on your credit files with the bureaus.
However, don't be surprised if you get denied when you go to buy a car because your credit report comes back with all these red flags that state you're a victim of identity theft, because that's what placing these alerts does on your file...alerts people to check your identity.
Hope this helps... I think it's a waste of money.
You haven't read the LifeLock literature have you. It's not like drinking koolaid. But the 1 million dollar coverage and person to help you through the process once your ID has been nabbed is invaluable to most of us.