So, there was a company that went out and started to lock down people's Identities. Most people are not familiar with the ways to protect themselves so this company did it for them and charged a fee. Since the credit card companies are so eager to give anyone a credit card that they do not confirm identity with the person they are making the contract with these sort of services would be useful for people who would like to make sure that they are protected.
Now, These people would sign up with lifelock and the company would put a fraud alert on their credit report. Since the fraud alert expires every 3 months, the company would continue to have this fraud alert placed on that persons identity. What this does is it makes most creditors contact the person asking for the loan through the information that is in their system that you had provided. Why they don't do this automatically every time is a mystery to me. Why you would be responsible for their screw ups when they give out credit lines in your name without making absolutely sure they are dealing with you is beyond me.
However, below I have a link to a blog which links to the court ruling on behalf of the credit reporting companies that prevents companies like lifelock from providing even these basic services for people for a fee.
Now, they say you are free to do it yourself, and you are. The problem I have with this is that if you do not take some of these measures companies can issue credit on your behalf without really making sure it is you. When a company comes along and puts a stop to it for a rather small fee, the credit reporting companies block them.
My question is why would you do that? No one is saying lifelock did anything against their customers wishes. lifelock tried to do what they claimed they were charging for by putting alerts on their customers identities that would make it hard for someone to take out a loan on their name without first contacting them through the information they provided to the system.
links to decisions
This decision is evidence that the credit reporting companies are happy with the weaknesses in the system that allow them to make mistakes and give money to criminals and then ruin good people's names.