A few years ago I had good credit and was working and happy. I didn’t have great credit as I was only 22 and had only had a credit card for about 2 years, but I was well on my way. I checked my credit report once a month and had a service that gave me updates on it. I still use a service to get my report monthly and I check it every month as I’m trying to fix my credit now.
Something I found very interesting was an article I had read about a year ago. It talked about how credit reporting companies don’t’ care about you or your score, they are only there to get information and sell it to the highest bidder. I then realized how I kept getting offers for credit cards and things that I would never qualify for. My information was sold to whoever had the most money. Was I okay with that not really, but what could I do? Well their are a few services out there, one is life lock. They claim to be able to keep people from stealing your identity and make it harder for the credit bureaus to sell your information. If this really works I don’t know, I have never tried it. Recently though an article came to my attention about experian suing life lock because of the service they provide. From what I saw from the article it seems that life locks services do work and do the job well. I personally don’t trust the credit bureaus and this lawsuit seems to all come down to money and the fact that life locks services are causing the credit bureaus to lose money since they can’t sell your information as easily as they once could. Of course most law suits involve money in one way or another, right?
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