Does Life Lock Work

Does Life Lock work is a question that gets asked a lot, mainly because it seems so cheap. People worry whether Life Lock or anyone else for that matter can really protect your identity for around ten bucks a month?

Now Life Lock have been in business for a while we can actually take a look at some figures and put the question does Life Lock work or not to bed once and for all.

According to official figures from the FTC, 3% of Americans were victims of identity theft last year (2007), that’s 8.4 million people or one identity theft every 4 seconds.

As Life Lock have over 1 million members, the law of averages tell us they would have expected around 10,000 of their members to be victims of identity theft in the first 4 months of this year alone (3% of 1 million is 30,000 victims a year) yet in the history of Life Lock they have actually had just 105 cases of their members suffering an identity theft.

That’s a total of just 0.01% of Life Lock customers have ever reported a case of identity theft and in each case the Life Lock guarantee of up to $1 million completely covered the victims so none of them were ever out of pocket or lost their reputation to creditors.

In other words you are a massive 300 times less likely to have your identity stolen if you are signed up for Life Lock protection than if you aren’t! So, does Life Lock work? Looking at the above figures you would have to say a resounding yes.

How Does Life Lock Work?

The government took steps to counter identity theft by allowing anyone to request a free copy of their credit report from the credit bureaus and making it possible for consumers to place fraud alerts on their credit reports if they have been victimized or believe they have been or are about to become a victim of identity theft. Life Lock places these alerts on behalf of their customers as well as requesting the credit reports for them.

Fraud alerts make it difficult for someone to get credit in another person’s name because it tells creditors to use “reasonable policies and procedures” to verify the consumer’s identity before issuing credit in their name.

I Understand About The Free Credit Reports But What Else Does Life Lock Do?

Many ask this because you can actually do the above yourself for free and while it’s true you can, it’s also true you can service your own car but most choose to let a professional do it for them so that should something go wrong, they are covered by a guarantee. Also, fraud alerts only last a certain amount of time and then a request for another one is required and Life Lock make sure your credit alert is always in place.

* Does Life Lock Monitor My Address?: A massive give away that something is wrong is a change of address. Identity thieves will attempt to re-route certain mail so that you don’t get any paper work for credit cards or loans they have applied for in your name. Life Lock monitor all the agencies for any activity in your name and if there is a change of address registered, they inform you immediately.

* Does Life Lock Monitor The Internet? Life Lock have a team of experts working none stop monitoring illegal websites where identities, credit card numbers etc. are sold and traded online. If any Life Lock customers names or details appear, steps can be taken to make sure the information being sold quickly becomes useless.

* Does Life Lock Actively Promote Tighter Laws?: As the industry leader, Life Lock are constantly pushing on behalf of their members and the general public for tighter legislation to make identity theft harder to commit.

So next time you hear someone ask “yea it sounds good but does Life Lock work?” not only will you be able to quote them figures of 0.01% to back up your answer of yes but you will also be able to tell them the other steps Life Lock takes to protect their clients from identity theft and all for less than the cost of a daily newspaper!

Click here for more information: www.life lock.com