Compare LoudSiren and LifeLock

The growing identity crimes have made both banks/lenders and consumers nervous. It is said that each year thousands of people become victims of this identity theft. There is no doubt identity theft affects both banks and consumers. However, it is the consumer that suffers the most. It has been repeatedly observed that when a person's credit is ruined by a thief, it takes time and effort to clear the mess.

The enormity of the identity theft crimes forced the Congress to pass the Fair and Accurate Credit Transactions Act (FACT Act) in 2003. This law gave consumers to powers to combat identity theft.
The law gave people power to control marketing solicitations, they receive. It gave people the power to create a national fraud-detection system. It asked businesses to hide Social Security numbers and portions of credit card numbers on receipts.

Many companies have come into existence to set up fraud-detection system. These companies have designed systems to monitor activities of credit bureaus (Experian®, TransUnion®, Equifax®). They detect their members when someone applies for new account or loan on their name. LoudSiren and LifeLock have emerged as the two leading companies who are providing identity protection plans to their members. If we Compare LoudSiren and LifeLock , we find that LoudSiren offers better protection. They setup Secure/private phone numbers for you to let lenders contact you in case some applies loan on you name. They also allow their members to maintain an Audit history, which can be useful in resolving disputes with lenders.

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