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These days your good name, and therefore your good credit, are very important. They can influence the type of home that you own or rent, the type of car that you drive, whether you qualify for a loan, and even what kind of job that you may obtain. Because of this, it is very important to protect your credit. A monitoring service can help do this, but how do you decide between the services that are available? Here is a look at two main services, Lifelock and Identity Guard.
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The Identity Guard program gives you four different levels of protection options, with the first being the most basic and inexpensive and the fourth being the most inclusive and the most expensive. These include:
1. Good Startsm– This program offers daily credit monitoring and email alerts. It also offers someone to guide you through the recovery process if your identity is stolen.
2. Watchful Eyesm – This program offers a credit report and score and internet surveillance. It monitors the internet for use of your credit and Social Security number. If your wallet is stolen the company will help cancel credit cards and give you access to emergency cash from your account. It also offers someone to guide you through the recovery process if your identity is stolen and a $2500 identity theft insurance program with a $250 deductible.
3. Extra Cautionsm- This program offers 3-in-1 credit reports, credit scores, credit monitoring, and the internet surveillance. Like level 2 it monitors the internet, offers the same protection if your wallet is stolen, and gives you the same benefits if your identity is stolen.
4. Total Protectionsm – This is the most inclusive program that monitors sites around the clock. It offers daily scanning for credit applications, including those for retail credit, cell phones, or loans. It offers the same internet protection as levels 2 and 3 while also offering antivirus, anti-spyware, and firewall software and key logger protection. It also offers the same lost wallet protection. In the case that your identity does get stolen, you get the same service as the other programs, along with a risk assessment and up to $20,000 in identity theft insurance after a $250 deductible.
Lifelock works differently. The company offers a $1,000,000 service guarantee to protect your good name. You do not have to worry about choosing a protection level or paying a deductible if your identity gets stolen.
To start out, Lifelock works by asking credit bureaus to set a fraud alert on your behalf. They will then continue to renew this fraud alert so that it remains active. Since they have experience doing this, they can do it quickly, easily, and accurately and save you the time and energy of doing it yourself. They will remove you from all preapproval offer lists and automatically order your annual credit report for you.
Lifelock can also help you if your wallet is lost or stolen. All you have to do is call, and a specialist will help you call every credit card company and bank so that you can complete the necessary paperwork to get replacements and protect your accounts. Unlike Identity Guard, they will also help you with other documents that might have been in your wallet, such as replacing driver’s licenses, social security cards, and even traveler’s checks. They will also monitor the internet and known black market sites to make sure that your identity stays safe.
In the event that your identity does get stolen, you won’t need to worry about making a deductible or clearing your name. Lifelock offers a million dollar guarantee, and should your identity become stolen, the company will spend up to a million dollars to assist you with restoring your credit and clearing your name.
Lifelock is clearly the best choice as they continue to raise the bar for what consumers should demand and expect from a credit protection agency.