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Back in April 2008, APRPEH posted: Lifelock Getting Picked. At that time, Lifelock and its over-exposed CEO Todd Davis was at the beginning of a slew of legal issues. Well finally, the Experian case may have hammered the first nail into the coffin of Lifelock. According to the above story, Lifelock's procedure of proactively placing fraud alerts is an "unfair business practice". U.S. District Judge Andrew Guilford of the Central District of California ruled that: "Experian clearly incurs costs each time it must process a fraud alert made by LifeLock. These costs include the costs of allocating Experian’s electronic resources...

Experian, one of the three major credit bureaus, has announced that as of Saturday it will no longer offer FICO credit scores directly to the public. Credit scores compiled by Fair Issac & Co. based on data from the two other credit bureaus -- Equifax Inc. and Transunion LLC -- will still be available to the public through www.myfico.com. Lenders will still have access to Experian credit data to formulate the FICO score, but consumers won't be able to know in advance what their scores are, leaving them with one less tool to monitor or improve their credit. "FICO is...

A mistake on your credit report can cost you literally thousands of dollars, especially in this economy. So what can you expect from a big credit bureau if you ask them to investigate and correct the error? The answer, for many consumers: About 50 cents worth of effort, conducted by offshore workers at third-party firms. That’s just one of the findings from SmartMoney’s investigation into why credit-report errors continue to pop up so frequently—and why consumers often have so much trouble getting them fixed. To follow what one consumer advocate calls an “electronic hot potato,” SmartMoney pieced together a depiction...

Lifelock Getting Picked Since February 2008, Lifelock, the company that guarantees that your identity will not be stolen has been hammered by legal problems. Lifelock charges consumers $10 a month for the privilege of allowing the company to manage your Fair Credit Reporting Act right to a free initial security alert and which automatically opts out a consumer from pre-approved credit offers for six months. The Lifelock website states: LifeLock, the industry leader in proactive identity theft protection, offers a proven solution that prevents your identity from being stolen before it happens. We'll protect your identity and personal information...

Credit bureau Experian is suing the identity theft prevention firm LifeLock, accusing it of deception and fraud in its familiar advertising campaign, which includes a spot in which CEO Todd Davis reveals his Social Security number and then brags about the effectiveness of the company’s protections. In the lawsuit, filed in U.S. District Court on Feb. 13, Experian contends that LifeLock's advertising is misleading and that the firm is breaking federal law in the way it goes about protecting consumers. Lifelock CEO Davis, in an interview with msnbc.com on Wednesday, called the lawsuit baseless and said that Experian is simply...

Experian Abandons Thousands of Consumer Data Records Paper, Computerized Records Left Behind in Office Move By Martin H. Bosworth ConsumerAffairs.Com June 16, 2005 Identity theft doesn't always happen through sophisticated online scams or because of high-tech criminal rings. Sometimes it can be as simple as leaving boxes of documents and computers unattended for months on end. That's what Augie Bogina of Kansas City found when he bought a building formerly occupied by the Topeka Credit Bureau and the Experian credit reporting agency. Inside the building, Bogina found the previous tenants had left "thousands and thousands" of printed documents and many...