fraud alerts

Is LifeLock safe?

Episode 1385

Val from Los Angeles, CA
LifeLock

Val is interested in LifeLock and wants to know if it's safe. Is it? Leo says yes. They were a bit over confident in the early days, but they are dedicated to getting in between you and identity thieves by putting fraud alerts on your credit history. But now they can't do that because of lawsuits. So now they own companies that are built to target fraudulent credit activity so that if anything unauthorized occurs, you get wind of it and they can shut it down. They will also help you fix your credit record should you be a victim of credit card fraud.

Are credit monitoring services worth the money?

Louis from Hollywood, CA

Episode 1277

Louis keeps getting emails from LifeLock, and he wants to know if the service is worth the price. Leo says that he's been a subscriber for ten years, and he got it to protect his kids. Leo's opinion is that they do a great job monitoring your credit to be sure nefarious activity doens't crop up, and when it does, they can help you fix it. It's not cheap, but Leo has never had any problem and has no plans to stop using it. But you can put a fraud alert on your own account which will warn you when someone tries to open up credit.

How can I see if my identity has been stolen?

Mike from Hawthorne, CA

Episode 1199

Mike needs to buy a new hard drive. Leo says they've gotten really large and really cheap. He could get a 5 TB hard drive for under $150. And SSDs have dropped below $1 a GB.

Back in 2013, Mike noticed he's had several negative dings on his credit. Leo says to check out his credit report to see if there's fraud or other inaccuracies it. If so, he can challenge them. But if he's a victim of identity theft, it's a hard thing to convince not only the credit agencies, but also the credit card companies and the IRS that he's had his identity stolen.