TEMPE, Ariz., June 7, 2011 (GLOBE NEWSWIRE) -- The New York Times recently reported that "millions of consumers have fallen out of favor with the credit scoring gods" leaving many consumers wondering what their credit may look like. LifeLock, an industry leader in identity theft protection, has a solution for consumers that will take the surprise out of wondering about their personal credit identity - LifeLock Credit Score Manager™.
LifeLock Credit Score Manager™ utilizes a tri-bureau credit management approach, helping members maximize control of disposable income and credit reputation by monitoring all three credit bureaus daily and sending alerts when changes are made to the member's credit files. The service also provides members with monthly updates to their TransUnion credit score, and annual updates to credit scores and reports for all three credit bureaus. Members will also have anytime online access to their scores and reports for all three credit bureaus.
"Credit can oftentimes be a complicated system to understand but knowing what is on your credit report and being able to manage your credit will provide you with the ability to make informed financial decisions," said Todd Davis, Chairman and CEO of LifeLock. "With LifeLock, we work relentlessly to provide real, working solutions to consumers that want to improve their credit identity and unlike many other companies, LifeLock does not sell the data of its members."
LifeLock Credit Score Manager™ provides the following set of credit management features to clearly lay out a credit identity:
- Daily Tri-Bureau Credit Monitoring (Equifax, Experian, TransUnion)
- Monthly Credit Score Updates (TransUnion)
- Annual Tri-Bureau Credit Reports
- Annual Tri-Bureau Credit Scores
- 24/7 Credit Dispute Assistance
Because of events like credit bureau errors, high balances, or too many credit inquiries that can have a negative impact on a credit history, consumers can end up paying higher interest rates or be denied employment or credit. LifeLock Credit Score Manager™ alerts members to these problems so that they know what lenders know and can make smart financial decisions.
For more than six years, LifeLock has been leading the way for consumers to help protect their identities from potential identity thieves. LifeLock Credit Score Manager™ is not identity theft protection but a solution for consumers looking to understand their credit history. Identity theft protection solutions help to safeguard personal information from being used to open new credit, rent an apartment or finance a new car as examples. LifeLock's identity theft protection solution works relentlessly to help protect members from all of these threats and more.
Contact:
Cortney Lanik
Media Relations Manager
480-457-2032
Cortney.Lanik@lifelock.com
About LifeLock
LifeLock, Inc. is an industry leader in identity theft protection. Since 2005, LifeLock has been relentlessly protecting identities by providing consumers with the tools and confidence they need to help protect themselves from identity theft and manage their credit. The company has a strong focus on educating consumers and working with law enforcement and elected officials to better understand the increasing threats of identity theft. A multiple award-winning organization, LifeLock has been recognized by Inc. Magazine as the eighth fastest growing private company (2010), by Arizona Corporate Excellence as Arizona's Fastest Growing Company, and by the American Business Awards as having the Best New Product or Service of the Year for the LifeLock Identity Alert® system.
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