Saturday, May 31, 2008
Experian has picked a fight with a company called Lifelock, alleging "credit laws do not provide for a third party to place fraud alerts on behalf of a consumer."
Funny they should say that because Lifelock only does it when another consumer has requested their services. If someone is in danger of some sort of identity theft why would any credit company want to thwart the efforts of keeping them safe?
CNN posted a video recently which discusses this top.
Lifelock is dealing with many different law suits right now because they are unable to secure their customers as promised because of the road blocks they are hitting fro other financial institutions.
Companies like LifeLock can help guard against only certain types of financial fraud by helping consumers set up alerts with credit bureaus, which inform them when someone tries to open a new line of credit or boost their credit limit.
I suppose it is only fair to tell both sides of the story which is what I am attempting to do. It is completely up to the consumer whether or not they wish to have a small amount of protection or none at all.
Funny they should say that because Lifelock only does it when another consumer has requested their services. If someone is in danger of some sort of identity theft why would any credit company want to thwart the efforts of keeping them safe?
CNN posted a video recently which discusses this top.
Lifelock is dealing with many different law suits right now because they are unable to secure their customers as promised because of the road blocks they are hitting fro other financial institutions.
Companies like LifeLock can help guard against only certain types of financial fraud by helping consumers set up alerts with credit bureaus, which inform them when someone tries to open a new line of credit or boost their credit limit.
I suppose it is only fair to tell both sides of the story which is what I am attempting to do. It is completely up to the consumer whether or not they wish to have a small amount of protection or none at all.
Labels: identity theft, lifelock
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