If you suspect that your identity has been stolen or if you’ve already been the unfortunate victim of identity theft, you have a way of kind of freezing your information at the credit bureau so that no other fraudulent transactions are allowed. These fraud alerts require the credit bureaus to call you if any new line of credit is taken out in your name and last for six months after initiating one.

Experian is one credit bureau that has sued lifelock for providing this service to its customers. Lifelock charges $10 a month to issue a fraud alert every six months for you.

I’ve initiated a fraud alert for myself before, and hope that this suit does not affect my ability to issue fraud alerts myself.

This entry was posted on Friday, February 29th, 2008 at 4:46 pm and is filed under Business, Money. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.