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Experian Sues Lifelock, Alleges Fraud
Redtape MSNBC ^
| Wednesday, February 20
| Bob Sullivan
Posted on 02/20/2008 4:16:24 PM PST by APRPEH
click here to read article
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1
posted on
02/20/2008 4:16:26 PM PST
by
APRPEH
To: APRPEH
2
posted on
02/20/2008 4:17:24 PM PST
by
APRPEH
(Fred, say it ain't so.......)
To: APRPEH
"Experian contends that LifeLock's chief ID theft prevention tool -- the placing of continuous fraud alerts on consumers' credit files is illegal..." Yep, the Credit Bureaus should allow you to put a permanent fraud alert on your credit if you want one, but they don't so they can soak you for more money.
It's all about the money. They don't care about your credit at all.
To: APRPEH
I heard somewhere that Todd Davis of Lifelock has a shady past as scam artist.
4
posted on
02/20/2008 4:23:48 PM PST
by
SpaceBar
To: SpaceBar
its not Todd Davis but Robert Maynard, his former founding partner
5
posted on
02/20/2008 4:29:52 PM PST
by
APRPEH
(Fred, say it ain't so.......)
To: GourmetDan
And another thing ... there are PIN codes for everything from $10 knap-sacks from WalMart to lock boxes containing millions in gold or whatever.
Why ...
again, I ask
Why
can't (won't) the phone company provide a simple 4 digit lock for we whom have teenagers ????
6
posted on
02/20/2008 4:36:59 PM PST
by
knarf
(I say things that are true ... I have no proof ... but they're true.)
To: APRPEH
This should get interesting. Are they gonna sue Obama too? After all his Hope speeches are another consumer fraud.
7
posted on
02/20/2008 4:47:10 PM PST
by
Cacique
(quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
To: APRPEH
...under the Fair Credit Reporting Act, fraud alerts can only be requested by the individual consumer or an individual acting on behalf of the consumer. Well, duh, when you sign up with somebody like Lifelock aren't you in turn asking them to act on your behalf to request the fraud alert?
I suspect Experian is up to something here... not sure what it is...
8
posted on
02/20/2008 4:47:37 PM PST
by
Ramius
(Personally, I give us... one chance in three. More tea?)
To: APRPEH
Something smells odd here.
9
posted on
02/20/2008 5:02:38 PM PST
by
redgolum
("God is dead" -- Nietzsche. "Nietzsche is dead" -- God.)
To: APRPEH; All
No, the REAL point is our social security numbers are being used for IDENTIFICATION and how many other things for which they are not intended. Thanks FDR, I may have to make a trip to New Hyde Park to empty my bladder.
10
posted on
02/20/2008 5:03:58 PM PST
by
britt reed
(What if the Founding Fathers had "just stayed home"?)
To: APRPEH
Its a shame our government has let it go so far that Americans have to buy Identity Insurance because Illegal Aliens are stealing our identity.
11
posted on
02/20/2008 5:07:48 PM PST
by
Haddit
(A Hunter Conservative)
To: britt reed
Everyone from the phone company to my insurance company insists on having my SS #, despite the fact that its is not to be used in this way. Where the heck is John Edwards when we really need him ?
12
posted on
02/20/2008 5:08:15 PM PST
by
Eric in the Ozarks
(ENERGY CRISIS made in Washington D. C.)
To: Ramius
The problem is, if a fraud alert is placed on your ID, it makes opening new accounts more troublesome. Also, if it cuts down on the automated mailings for "pre-approved" offers, then Experian can't sell your info to credit card companies, banks, etc.
I am surprised that neither Equifax nor Trans Union has weighed in on this.
Cheers!
13
posted on
02/20/2008 5:32:56 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: GourmetDan
It might not be permanent, but you can have a fraud alert put on your credit report, for no charge, and it stays on for five years, IIRC. I just updated my own, at no cost to myself.
14
posted on
02/20/2008 5:33:38 PM PST
by
grellis
("Turning the Party over to the so-called moderates wouldn’t make any sense at all.” —Ronald Reagan)
To: APRPEH; GourmetDan; SpaceBar; knarf; Cacique; Ramius; redgolum; britt reed; Haddit; ...
Bull-shi’ite. I’m a subscriber and I can guess what’s really going on here.
Lifelock makes the credit reporting agencies (Experian, Equifax, TransUnion) run full credit reports and fraud alerts (re #13) for it’s customers every three months and send notification letters.
Lifelock’s business model is taking a bite out of Experian’s and Experian is going judge-shopping to stop it.
15
posted on
02/20/2008 5:39:05 PM PST
by
sinanju
To: sinanju
Yes; but in addition, Lifelock promises to stop the "pre-approved offers" which is a source of revenue for the agencies...
Cheers!
16
posted on
02/20/2008 5:45:05 PM PST
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: grey_whiskers
Whoops! That’s right. That must be why I feel so ronery when I open the mailbox these days...
If it wasn’t for the regular entreaties from the RNC and the various conservative magazines, I’d slit my wrists.
17
posted on
02/20/2008 5:50:45 PM PST
by
sinanju
To: sinanju
I'm not a subscriber, and I have a fraud alert on my reports. I first put it on six or seven years ago and just updated it this January. Didn't cost me a dime.
Yes, it makes opening a new line of credit more troublesome, but that is a good thing. Those "instant credit, save 10%" gimmicks at department stores--I can't qualify for those now. Good thing. I didn't need credit cards for Men's Wearhouse, Art Van, Victoria's Secret, or any other store, as it turns out. Now, I go shopping when I have money.
18
posted on
02/20/2008 6:02:01 PM PST
by
grellis
("Turning the Party over to the so-called moderates wouldn’t make any sense at all.” —Ronald Reagan)
To: APRPEH
Some suggestions via
Clark Howard:
Information on how to
freeze your credit.
Call 1-888-5-OPT-OUT to stop credit card pre-approvals.
Go to
annualcreditreport.com to get information about getting your free annual credit report from each credit reporting company.
To: Lord Basil
Clark also says that, though Lifelock does something you could do for yourself for free, they DO actually provide the service they promise.
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