Friday, May 30, 2008

Lifelock to Protect Your Credit

You probably heard about Lifelock, a credit protection service company that helps block your credit so only you can use it, stop pre-approved credit offers, help reduce the amount of junk mail you receive and ensure that things go smoothly when you apply for credit. Lifelock also contacts the four major credit reporting agencies for you and sends you alerts that will require notification if anyone uses your credit information at all or tries to get new credit, change your address, expand credit lines, open a checking account, get insurance or utilities, and other credit-related applications using your information.

To use the service, you pay $10/month or $110 if paid annually. Life Lock will also protect your children under 15 for $25.

It is at your own discretion whether this kind of service will suit your needs. I haven't used lifelock personally yet, but I think this service provides added security if you want to totally eliminate the possibility of identity theft.