Community Chat

[qvcaddition]

I have the lesser Life lock plan and in the first year they monitored my credit report or so they said. Last year nothing and this year, so I called them and they said they are not allowed to do any checking with the credit bureurs they just notified you with no fraudulent charges.

They also use to let me know when an account was opened and it was usually me, but they don't do that anymore because it is not in they scope one of the CS told me, who didn't know much of anything. So the popular places for accounts like Sears, Best Buy, big names, do not get notified. They are a rip off themselves unless you get the top of the line plan.

Your credit card will take care of it and Life lock doesn't. I don't trust them.

[sophiamarie]

I just wrote a condensed version of this story in my OP because my question was about Lifelock and we decided it is not worth the time or trouble to get it.

This involved two cards and they ran up over $23,000.00 over a 5 day period towards the end of the billing cycle. One card company's FRAUD Dept. DID call twice but I ignored it thinking it was a solicitation call. I finally called them back and I'm glad I did. They just asked me if I went "here and there and bought this or that, etc." and after convincing them that I never used the card, they removed all charges. They sent me a confirmation e-mail and then the letters started coming, telling me that we are not responsible for anything.

The other card company never called me but they are the ones who sent me the statement in the mail, which prompted me to immediately call them and straighten that out. It seems that whoever was using the card, was making payments, therefore the 30-60 day period to get my credit back to normal again. They were keeping the cards open so they could keep using them. I asked them how could someone use a card that was never activated and they said "they make their own cards". A lot of it was also done online, since it was done involving 3 different states.

I asked them "if they were ordering stuff, then why can't you find out who they are?" Where is the stuff being delivered? They said they couldn't tell me any more because it is being investigated by their Fraud Dept. Same thing with the payments. "Who is making the payments?" Why can't you find out who they are? Same answer. They said I have to file a police report in order to get the 7 year fraud alert, and will do that.

Thanks for all your replies. We are not getting Lifelock....

[Mominohio]

On 2/27/2015 terrier3 said:

On 2/27/2015 javala said:

It is something one's bank does for free than why this this person get riff off?

Lifelock protects your all your cards, your retirement account, and car insurance, a house so incase someone tries to get alone against it...

I think it's a major rip off...spouted by the usual radio bloviators who get a commission for selling this product to people who look up to them.

Not necessary.

This is what it boils down to, if they don't like the messenger, the message must not be accurate or have any value.

People on here would rather chalk it up to 'a rip off' because of those endorsing it rather than research that it covers more than credit cards.

[javala]

How to use Financial Account Monitoring

https://www.youtube.com/watch?v=KUl1o5FOjBE&feature=youtu.be

[javala]

On 2/28/2015 mominohio said:

On 2/27/2015 terrier3 said:

On 2/27/2015 javala said:

It is something one's bank does for free than why this this person get riff off?

Lifelock protects your all your cards, your retirement account, and car insurance, a house so incase someone tries to get alone against it...

I think it's a major rip off...spouted by the usual radio bloviators who get a commission for selling this product to people who look up to them.

Not necessary.

This is what it boils down to, if they don't like the messenger, the message must not be accurate or have any value.

People on here would rather chalk it up to 'a rip off' because of those endorsing it rather than research that it covers more than credit cards.

What they don't understand is many banks alert you after the fact like 25 days later...

LifeLock's 3 Layers of Protection

https://www.youtube.com/watch?v=R9d4qWJiy-I

[dooBdoo]

It's a very personal decision, and I don't think there's a specific "correct answer" that works for everyone across the board. Here's a good discussion:

This one from Consumer Reports was updated 9/8/2014:

Don’t get taken guarding your ID

Do-it-yourself safeguards are just as effective as paid services

"About 50 million U.S. consumers spent $3.5 billion in 2010 to buy products that are claimed to protect their identity. But do-it-yourself safeguards are just as effective as paid services, according to Javelin Strategy & Research, a California consulting firm. And self-help costs little to nothing; the paid services cost $120 to $300 annually. Here’s why you don’t need to buy ID-theft protection: ... "

(link goes to: http://www.consumerreports.org/cro/magazine/2013/01/don-t-get-taken-guarding-your-id/index.htm)

[dooBdoo]

Here's a good review that includes very detailed, specific comparisons and steps you can take yourself:

Should you Pay for LifeLock when you can Prevent & Monitor Identity Theft for Free? A LifeLock Revie...

(updated 2/28/15)

"...before signing on to LifeLock, realize that there are plenty of solid ways to protect yourself from identity theft that are absolutely, 100% free and legit. In many ways these free identity protection measures go above and beyond the paid services, such as Lifelock, that are out there. Let’s take a look at what Lifelock will do for you (for $10 per month), and how you can achieve the same results for free on your own. But if you’re forgetful and lazy like me, you might find Lifelock to be exactly what you need...

(at this point in the body of the article it compares and explains in detail what LifeLock does and what you can do yourself)

...The bottom line is that LifeLock is not a scam, it’s just that you can do a lot of what they do for free. LifeLock might be worth it if you have the attitude “well, I could do this stuff for free, but I don’t want the hassle, and I’ll probably forget, so I’ll just let someone else handle it for a small price”. You’re basically paying for peace of mind and to set it and forget it plus some other benefits you can’t get elsewhere. If you find it’s not worth the fee, you can always cancel."

(link: http://20somethingfinance.com/lifelock-review/)

[terrier3]

On 2/28/2015 javala said:

credit cards.

What they don't understand is many banks alert you after the fact like 25 days later...

LifeLock's 3 Layers of Protection

https://www.youtube.com/watch?v=R9d4qWJiy-I

MY bank credit cards and my AmEx card all send me an e-mail IMMEDIATELY whenever I make a purchase.

You just have to go to your account online and choose the alert in the setting section. You can decide what $ amount will trigger the alert. It is suggested you make it low - like $1 - because thieves often make one low purchase before they go hog wild with your card.

If I did business with a bank that wouldn't alert me for 25 days later, I would SWITCH banks, since so many now have this service.

I also have an umbrella policy that protects me against a lot of things that may happen. It was recommended to me when I bought my home. Anyone with any amount of assets should have an umbrella policy, IMO. The insurance company will pay for lawyers if you are sued or need them in an identity theft case.

[terrier3]

On 2/28/2015 mominohio said:

<br />

I think it's a major rip off...spouted by the usual radio bloviators who get a commission for selling this product to people who look up to them.

Not necessary.

This is what it boils down to, if they don't like the messenger, the message must not be accurate or have any value.

People on here would rather chalk it up to 'a rip off' because of those endorsing it rather than research that it covers more than credit cards.

FYI - All the bloviators - on both sides of the aisle - pitch Lifelock.

It's part of the contract between the syndicator and the local stations. The syndicator sells a certain amount of air time to national advertisers. Some of the advertisers choose to enter into agreements where their spots are read LIVE by the hosts of the show. Those live on-air endorsements cost extra - the syndicator AND the host get a share of the sales.

That is why gold companies, Lifelock, etc. was pitched by both the right and left hosts...they actually had the same syndicator who set up these national deals.

If you think these hosts really like Lifelock... - I have a bridge in NYC you might like also!

[Justina rae]

This is the bottom line for anyone who might be considering protection with Lifelock. Yes a person can put in the time and effort to take the necessary steps to protect their own identity. It requires diligence and consistency. It's not a one-time job. The kind of person who might benefit from having a company do this for them is someone who is extremely busy or preoccupied with other things. I know I need to focus my daily attention on other important responsibilities. That's why I think it's good for me. Some people would rather spend this money on 2 1/2 Susan Graver tops or 3 Denim & Co tops or a couple of dinners out. This is where I prefer spending my money. I can go about my day and not think twice about a schedule of checks and placing fraud alerts on my accounts. It is done for me. Everyone should spend their money as it best benefits them.