Thursday, September 6, 2007

I Dug Up How You Can Protect Your Children From Identity Theft In This LifeLock Review

Not many people realize that the easiest victims of identity theft are actually children since their names are rarely monitored, until they reach the age when they can apply for a loan or a credit card.

If you have children, you should know that credit companies usually have no way of verifying the age of an applicant and all information on the application is usually taken at face value. Thus, it is very easy for identity thieves to pick up the phone or log on to the Internet and apply for a credit card. If a credit issuer requires proof of identification, you should also know that faking identification cards is easy, and many clerks are not trained to recognize a fake ID.

At credit bureau agencies like Equifax, TransUnion and Experian, the age of an applicant is recognized on the first credit application. So, if the application shows that an applicant is 20, then the three agencies will have that in their records, until a dispute is filed.

Just thinking about the weak points in the US credit system will show you the growing need for services like those we address in our LifeLock review. The increasing cases of identity theft all over America are creating the demand for identity theft services. When it comes to your children, you certainly do not want your child's future destroyed even before he can live his own life. It is just too costly.

Our LifeLock Review asserts that LifeLock is the only company in the identity theft protection industry that proactively curbs identity theft. It is also the only company to be ISO 27001 certified for data and operational security.

LIFELOCK REVIEW: THE SYSTEM

Upon a client's enrolment in the program, as per LifeLock Review information, fraud alerts will be set in his credit reports with the Credit Bureau Agencies - Equifax, Experian and TransUnion.

Our very own LifeLock Review confirms that the company marks the credit reports of children with a special alert: these should have no movement in them because the owner is a minor.

With the alerts in place, credit issuers will be required to call a client before they can approve an application, send out pre-approved cards in the mail, or increase a client's credit limit. The fraud alerts are meant to warn credit issuers that a thief may be using the client's identity and that they must verify the identity.

With the fraud alerts in place, our LifeLock Review attests to the fact that the firm will then review the client's credit reports every 90 days. If there is a fraudulent entry, the company will then mitigate the situation by talking to creditors, filing the paperwork at the credit bureaus, and filing police reports. These are all indicated in our LifeLock Review Blog.

As our LifeLock review confirms, if a client actually loses money to identity thieves while enrolled in the security program, LifeLock guarantees to pay the lost amount, up to $1 million-- which is a distinguishing feature in the industry of identity theft services overall.

You certainly want to secure your children's future before identity thieves have a chance to destroy it - before they even begin to live in the "real world."

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