I've heard advertisements for services that protect my credit, like LifeLock, on the radio. Do I really need to pay for a service like that?
That''s an interesting and important question. I am a fan of Clark Howard who has a radion and podcast that I listen to regularly. And on his podcast he says you really don't need a service like LifeLock.
Instead you can set up a freeze on each of the three credit bureaus, TransUnion, Experian, and Equifax. This costs $10 in most states, that is $10 per person per credit bureau.
So it cost me $30 to put a credit freeze on my credit report. That means no one can open a credit card in my name because they don't know the special pin number I set up to unlock the credit information. Using this credit freeze makes services like LifeLock unnecessary and it will completely block anyone from making changes to your credit.