LifeLock services provide a lot for a little

August 17, 2010 – 12:05 pm

Most people first heard about LifeLock through advertisements featuring company CEO Todd Davis, who gave out his Social Security number. Davis had no fear in doing so, he said, because he had confidence that LifeLock would provide the protection he needed.

But what are the benefits to signing up with LifeLock?

First of all, LifeLock will automatically order your free annual credit reports, which is a benefit since some people have expressed that they had difficulty in doing so with one or more of the credit bureaus.

LifeLock will also help you opt out of the pre-approved credit card offers, which will prevent thieves and dumpster divers from getting credit cards in your name.

LifeLock’s other services include providing you with help to retrieve the contents of your lost or stolen wallet, providing change of address alerts to prevent mail identity theft, online patrolling to catch the sale of your personal information, and a $1 million guarantee to offset the cost of identity theft if you become a victim while you’re enrolled in LifeLock.

Are there any drawbacks? Well, fraud alerts do complicate the credit approval process. Banks and other lenders must go through an additional verification process to make sure you’re the only one applying for credit, instant approval becomes difficult.You also may be unable to access some onion credit management services due to the fraud alert.

But the good news is that while it becomes a little more complicated for you to apply for additional credit, it is even more difficult for a thief to do so.

The cost of LifeLock’s services is reasonable: $10 per month for the standard service, and $15 for the amped-up Command Center.

Enrolling in LifeLock is simple. You can enroll by simply submitting your personal information and payment information. You can also enroll over the phone.

When compared to credit monitoring services, LifeLock is a better deal, offering prevention services, rather than just post-identity theft alerts.

For some, that $10 or $15 a month might seem like a frivolous expenditure. But for those who value not only their personal information but also their peace of mind, it’s a small price to pay.

Receive 30 days free and get a 10 percent discount on enrollment with the LifeLock Promo Code “Defense.”

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