Choosing The Right Identity Theft Protection For You | Personal Finance

By JedJenson
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Word Count: 511

LifeLock is one of the fastest growing identity theft companies on the market. With their CEO, Todd Davis, confidently displaying his social security number on national TV, LifeLock is giving its competitors a run for their money. How does LifeLock compare to its competitors and keep their CEO feeling confident about the protection of his identity? Take a look at the following 5 ways LifeLock compares to other identity theft protection companies.

The first way LifeLock differs from most identity theft companies is that LifeLock offers preventive services. LifeLock actually prevents identity theft from occurring by setting fraud alerts on your credit files with all 3 credit bureaus. While most companies merely monitor the activity on your credit report, LifeLock goes a step further by initiating the requirement that you verify your request for credit before activity can occur on your credit report.

Second, LifeLock provides you with a copy of your credit report from all three credit bureaus on an annual basis. This enables you to review your credit files to see if there has been any unauthorized use of your personal information to open fraudulent accounts. Although some identity theft companies only pull credit reports from one bureau, LifeLock pulls from all three bureaus giving you a greater ability to see any activity on your credit report.

The third way LifeLock protects and prevents identity theft is by keeping a "lock" on your personal information. By ensuring that your name is removed from junk mail registers, pre-approved credit card mailing lists and that you are on the "do-not-call" lists, LifeLock stops theft before it can occur. LifeLock also offers eRecon and TrueAddress services to monitor websites and national databases for illegal use of your personal information and for unusual changes to your personal information.

Fourth, LifeLock further protects you and your family's identity by protecting your children's identity as well as your identity. A child's identity can be stolen and never realized until the child is in high school or even college. By providing identity theft protection services for your children up to age 16, LifeLock leaves no chances of your family falling prey to identity theft criminals.

Lastly, LifeLock offers two services to save you time, effort, and worry in the event that your identity is stolen and fraudulent activity occurs. First, with LifeLock's WalletLock, if your wallet is ever stolen, LifeLock will provide an agent to assist you in cancelling all credit cards that were in your wallet and in contacting the necessary agencies to get your identification cards re-processed. Second, LifeLock offers a $1,000,000 full service guarantee that if someone steals your identity while you are a member of LifeLock, they will cover the costs associated with recovering your good name and credit.

With the growing number of identity theft protection companies, it is important to know how each company stacks-up to their competitors before deciding which company to use to protect your identity. LifeLock's identity theft prevention services place LifeLock among the leading companies that provide identity theft protection services.

About the Author

Jed Jenson is concerned about identity theft in the world today. To get more identity theft advice, visit here.

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