LoudSiren™1 and LifeLock™2 Comparison Chart |
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Retail Price |
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Overall Rating |
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Basic Service Provided |
Place and manage fraud alerts |
Place and manage fraud alerts |
Best Feature |
Identity Protection Network™3
can locate you at up to three (3) phone numbers you provide and send you
an email alert when there are new credit requests made in your name
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Most recognizable brand name |
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DETAILS
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DETAILS |
Free Credit Reports Included |
Yes - at your option |
Yes |
Removes Name from Pre-Approved Credit Card Offer List |
Yes |
Yes |
Prevents Unwanted Telemarketing Calls |
Yes - at your option |
No |
Insurance |
$25,000 Identity Protection Insurance underwritten by AIG |
No |
Service Guarantee |
Yes – up to $1,000,000
Includes reimbursement of lost wages,
professional fees, and other losses
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Yes – up to $1,000,000
Includes reimbursement of fees for service providers selected by the company;
does not appear to reimburse lost wages or other losses
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Size of Customer Base |
Hundreds of thousands in the Identity Protection Network™ |
Hundreds of thousands of customers |
Company Reputation |
Excellent
LoudSiren is consumer direct partner of
Debix, Inc., which was selected by several
States as their sole ID theft solution
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Good
Company has a recognizable brand name, but has
suffered some
negative publicity
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$89 with discount |
$110 |
1 “LoudSiren” is a service mark and/or trademark of LoudSiren, LLC.
2 “LifeLock” and “Guarantee Your Good Name” are service marks and/or trademarks of LifeLock, Inc.
3 “Debix” and “Identity Protection Network” are registered trademarks of Debix, Inc.
Quick Summary: By law, fraud alerts must be renewed every 90 days. While fraud alert management services are not for everybody, many consumers find that it is easier and safer to retain a service such as LoudSiren™ or LifeLock™ than to place and maintain the fraud alerts themselves. Bundled with identity theft insurance and other features, these services offer a great “bang for your buck.” Of particular note, LoudSiren™ offers consumers the ability to receive a fraud alert call at up to three (3) phone numbers while never making those numbers available to anyone viewing the consumer’s credit report. That is something LifeLock can’t do and that you can’t do for yourself.
FAQ's:
- Do fraud alerts work?
Absolutely. If a fraud alert is in place, when you or someone pretending to be you applies for new credit and the creditor checks your credit files at the major credit reporting agencies, the creditor will see the fraud alert on your credit report. The creditor is then required to confirm your identity before approving the credit request. If these situations are handled correctly by creditors, the frauds alerts should prevent fraudulent credit accounts from being opened in your name without your consent.
- Will a fraud alert harm my credit score?
No
- Can a creditor legally deny me credit because of a fraud alert in my credit report?
No
- Can I do this myself without using a service?
You can request and renew fraud alerts every 90 days on your own. LoudSiren™ and LifeLock™ can both do this for you. However, you cannot keep your personal phone numbers private and receive warning calls at multiple phone numbers without becoming a member of the Identity Protection Network™ available through LoudSiren. LoudSiren™ and LifeLock™ both offer remediation services if there is a problem, but the level of service and details may be different so read the fine print.
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