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Very few people are aware of the fact that the credit reporting agencies make a tremendous amount of money selling your personal information. Because of this, FACTA was passed in 2003 forcing them to allow people to place fraud alerts on their credit reports. However, those alerts are only good for 90 days, and then you must take other measures to protect your identity. This article may enlighten you as to some other issues concerning your credit. But, if you have chosen to invest in these services, you should see this LifeLock Coupon first.

FACTA also forced lenders to verify your identity before they loan you any money, which is very good for you. But, there are many online banks, now, and if you are not there in person there is no way they can truly verify who you are, or aren’t. This is where the problem begins and you end up with someone stealing your identity and running up a huge debt in your name.

There is no way you can stop your identity from being stolen, there are too many variables involved. With the credit bureaus selling your information there is always a chance that it will end up in the wrong hands. However, you can make use of the services of companies that are in business to alert you when something is going wrong. This will at least slow down the use of your Social Security number, phone, address and place of employment.

With all of our right to privacy forms that we have to sign every where we do business, from doctors’ offices to banks, you’d think it would be impossible for a credit reporting agency to sell your information. But, the fact remains that Identity Theft results in over $200 billion dollars a year being stolen from big businesses. As a result, they all have their own Fraud Alert departments, and spend millions tracking down and prosecuting these criminals.

LifeLock is an Identity Alert System which continuously scans all public databases from those found on the Internet to membership rosters. Anytime it detects activity concerning your personal information being used to open an account or borrow money their remediation team will step into action and find out why, then help you undo the mess.

There is also an Identity Theft Insurance policy you get for up to one million dollars in damages, expenses, and legal fees. It doesn’t cover business profits, loss of wages, out of pocket expense or lost opportunities. It can take 600 hours to clean up the scrambled mess an identity theft has caused.

Another of their services is scanning know criminal web sites where any bits of your personal information may have been posted. Such information includes your street address, phone number, social security number, or mother’s maiden name. Should any information appear they alert you and help in beginning the clean up process.

Another feature scans for changes of address and notifies you of any changes which look suspicious, even request removal of known mailing lists which can be potential sources of identity theft. This includes pre-approved lists which you may have signed up to, so you know what is happening and can be removed from Junk Mail sources. The truth is, acquiring advice about identity protection services on the web is more than easy. And understanding how it all works will help protect you and your family from the wily schemes of thieves.

Now armed with this information about Identity Theft, you should be able to help protect your identity from being stolen. Before you buy this service, check out this LifeLock Coupon.

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