haha, $10 a month? You can get the service for free by contact any credit reporting agency. Just tell them you want your SSN to be protected. They will ask a few questions to verify your information. Then you give them your phone #.

Anytime someones runs your SSN for a credit score, credit check, etc, etc.. The store will receive a red flag saying that you must call this # b4 proceeding with the application.

While truth about Lifelock is being told here in these forums, They are advertising like mad in magazines throughout the country. When I fly/travel, I pick up several magazines to read. Today I bought Inc, Forbes and Men’s Journal. Lifelock had full page ads in Forbes, Inc and the continental airlines magazine. I guess they are making a HUGE profit from the suckers that sign up for the services.

This is such a sham. Taking advantage of those that know no better. As mentioned above, lifelocks services can be had for free with a coupld simple phone calls. If you lose a card, or see a suspicious charge ,etc. pick up the phone and call any one of the three reporting agencies. By law they have to notify the other two. To be extra safe, make two more phone calls and let all three know you suspect fraud.
You have a couple options, 1.) have them put a “fraud alert” on your account. This is free. Anytime someone checks your credit there will be a flag that shows there is an alert. THis normally looks suspicious to credit issuers. The risk here is that the issuers can ignore it and issue credit anyway. But most wont if they see it.

Option 2 is you ask the credit reporting agencies to put a “freeze” on your account. This means no one will be able to access your account and consequently wont be able to issue any new credit. Your account is locked. Most states now require that the agencies provide this service to consumers. Although, the fees vary state to state. Typically its around $10. A small fraction of what Lifelock costs. Not to mention you may never need to pay this.

Lifelock is a joke. They charge for what I’ve mentioned above. Oh yes, and the insurance. Yes they provide some insurance, but keep in mind credit card fraud (by law) has a $50 max out of pocket expense for the consumer. THis insurance is meant to cover costs of dealing with the fraud (time off work, etc) this is very hard to monitize. Imagine fighting this one out with the insurance company. Especially when it really doesnt take any time to put up the fraud alerts.

Ive spoke with a financial institution that offer these services to their consumers. Which many are starting to do. when I asked how many of their customers actually used the services due to an incident the response was incredibly low. Only 4 out of 60,000 customers of this bank needed to use the service over the past two years.

Lifelock also targets financial institutions trying to get them to pay for the service (at a discounted rate) and passing the service along to the customer as a benefit of opening an account at the financial institution. A competitive advantage. Its another way to suck money out of someone.

The only benefit any of these companies can provide is person to person hand holding. That may be worth something to not even have to make the phone calls. But to me its certainly not. I just went through it myself (someone was using my name on stolen checks). Lifelock would not have helped at all int his case.

Do all of you idiots believe everything you read, this is the best company ever!!!!!!!!!

When my dad saw the commercial, about the SSN bring driven
around, he balked, and laughed at the idiot who would do
such a thing! I didn’t know any better about Life Lock, only
that it is a scam, and that I called the “customer service”
only to find they REFUSE TO ACCEPT money orders, checks, or
cashier’s checks. It is a scam, they only want your credit
card number, or debit card. If any business refuses money
orders, cashier’s checks, personal checks over the phone,
or provide a snail mail address is usually assumed a safe
bet that they ARE a scam, only to take your money! Trust me,
if a business don’t provide a physical address, or some sort
of alternative payment option, usually is too good to be
true, a scam, and they had some old professional looking
guy’s being filmed at lunch rush hour, nice office complex
to give the false professional sense that the guy being
“interviewed” is legitimate, and if you notice they don’t
film average people, just people in makeup who brag about
Life Lock, and make you whip out your credit card, only to
be fooled in the long term.

Good practical business sense and spidey senses would tell
you, No Physical Address, only a P.O. Box address, refusal
to accept snail mail payments (money order, cashier’s check
or personal check over the phone also) and insist only your
credit card number, or check debit number with high pressure
or shock treatment info / commercials will tell you, they
are a fraud, and must be reported to the B.B.B. or your
lawyer on retainer (if you have one great!) to check or
research them out. Validate, Confirm, and Verify everything.
Chances are, if they only want your credit card and provide
only a website, and toll free number, it is a scam!

Here’s a link to the PDF file of the lawsuit complaint issued by Experian: http://media.phoenixnewtimes.com/1915273.0.pdf

ID Theft Shield is the ONLY service that provides RESTORATION (as opposed to resolution assistance) services so you don’t have to take time off work, etc. to restore your good name. ID Theft Shield by Kroll is offered through Pre-Paid Legal (NYSE: PPD, current price $46.87), a legitimate company that has stood the test of time. I am a customer and associate because I like the services and have benefitted from both the legal services and ID Theft Shield.

For more information on both services, see my web page at http://www.prepaidlegal.com/hub/kraineri.

If you run a business, check out http://www.veritechglobal.com for information on the FACTA law and how you need to be aware of the prudent steps you need to take to minimize your exposure to liability under that law if ID theft occurs in your business.

I work for a company that makes a new generation of credit cards called Powered Smart Cards. They have a built-in display on the front of the card and when you press a button, it displays a 6-digit one-time use password for logging into websites and purchasing things on the web. That one-time password along with your PIN makes a two-factor authentication that cannot be hacked. Watch this technology as it makes its way to the banks and becomes the new standard card to protect your identity when logging in or buying things online. See http://www.identita.com for more info.

There are a lot of precautions you can take to minimize your exposure, detect when ID theft may be happening to you and getting help and services to protect or defend against legal issues and the time lost if you have to restore your good name. Just be diligent in your research before you choose a service.

An identity thief was able to use my credit card and address with a phony name to set up a LifeLock account. Lifelock apparently didn’t verify the name on the credit card itself or they wouldn’t have done it.

What do you say about that Todd????????? You expect people to believe you can’t protect there identity when you can’t even verify the owner/identity on the credit card used to purchase your service!!!! WHAT A JOKE…YOUR COMPANY IS GOING TO BE SOOOO SCREWED!