LifeLock Credit Protection Services and Identity Theft Prevention Features

LifeLock credit protection services has added additional identity theft prevention features to help protect your personal information from identity thieves and prevent criminals from committing credit fraud in your name.

LifeLock identity theft services protect your personal identity from credit thieves and monitor your personal information for identity fraud.

Unlike Credit Monitoring Services that alert you to fraudulent activity in your credit files after your identity has already been compromised, LifeLock helps block identity thieves from ever applying for credit in your name by maintaining fraud alerts on your credit report.

Fraud Alerts

LifeLock maintains credit bureau fraud alerts, which inform creditors who are reviewing your credit reports that they should verify your identity before issuing credit in your name, either by calling you or taking additional actions to verify your personal information further.

However, fraud alerts cannot provide complete protection and are not always 100% effective, because laws do not require creditors to take any additional actions when they see fraud alerts on your credit reports.

That’s why LifeLock continuously updates their services and takes additional measures to protect your identity and prevent credit fraud.

LifeLock has introduced two new services to their program known as eRecon and TrueAddress.

eRecon

eRecon is designed as a defense against the increase of information being illegally traded or sold online. LifeLock’s eRecon technology monitors thousands of websites, Internet bulletin boards, and chat rooms that are used by criminals to illegally sell credit card numbers and trade personal identities. If your personal information or financial data is found online, you will be notified immediately by phone.

TrueAddress

The U.S. Postal Service reports that 45 million change-of-address forms are filed annually, and these change-of-address forms can be used by identity thieves to obtain your personal information. LifeLock’s new TrueAddress alerts you if any new address information is associated with your name in address databases nationwide.

In addition to these new services, LifeLock provides other identity theft prevention services and features to help protect your identity.

WalletLock

LifeLock’s WalletLock provides you with assistance if your wallet gets lost or stolen. WalletLock specialists will help you contact each of your credit card issuers, banks, and document issuing companies to cancel your affected accounts and complete the paperwork and steps necessary to replace your lost credit cards and/or stolen documents, including your Credit Cards, debit cards, driver’s license, social security card, insurance cards, checkbook, and travelers checks.

Junk-Mail Lists Removal

LifeLock makes sure your mailing address is removed from the junk-mail lists that creditors use to send you pre-approved credit applications and financial offers. Thieves can steal these from the mail to apply for credit in your name, not to mention the waste of paper and annoyance factor.

Credit Reports

LifeLock will automatically order your 3 credit reports from Experian, Equifax, and TransUnion when you sign up for their services, plus they’ll make sure you get all 3 of your credit reports once each year, so you can monitor any errors in your credit reports.

You are entitled to Order Your Credit Reports from each of the 3 credit bureaus once a year by law, but LifeLock will take care of this for you automatically.

$1,000,000 in Identity Theft Insurance

LifeLock backs up their services by providing you with $1,000,000 in identity theft insurance protection. If your identity is ever stolen while you are a LifeLock member, they will do everything possible to fight for your good name and repair your credit, with a $1,000,000 guarantee.

LifeLock identity theft prevention helps you protect your identity at the low cost of only $9 per month or $99 per year.

Get Your First 30 Days Free when you use the LifeLock promotional code RD4.

However, it’s important to understand that many of these services can be done on your own for free.

Blocking Identity Theft for Free is possible, as you can set your own fraud alerts, stop junk mail, and order your credit reports, but it may be worth hiring LifeLock to do it for you at such a low cost, because they guarantee their services and provide online monitoring and additional features that you just can’t do easily on your own.

Review our article on myFICO Credit Monitoring and Credit Scores for more options on obtaining your credit scores and monitoring your credit reports.

Take advantage of LifeLock identity theft protection services to monitor your identity and help prevent credit fraud.

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