Because Credit Monitoring is not an adequate enough measure to protect your identity. LifeLock’s Credit Fraud watching is based on the policy of preventing credit fraud than repairing damage done. Credit fraud watching puts you on the alert even before any actual harm can occur.
Whenever an attempt to carry out a transaction on your credit is noticed, you immediately receive an alert on your phone asking if you have initiated the transaction. If you haven’t, LifeLock responds instantly and takes the required steps to apprehend the credit fraud.
If you're experiencing problems getting access to your credit report when you actually want it because of the fraud alert, LifeLock will call your landlord, employer or creditor on your behalf, explain the situation, and get it resolved for you.
As a measure of protection, you can apply a credit freeze to your credit report at each of the three credit bureaus. A credit freeze is allowed by credit agencies to anyone and is offered for free to those who have been victimized by Identity Theft. If you have not had your identity stolen and still want to take advantage of a credit freeze, you can do so by paying $10 to begin and end the freeze. In addition, you may live in a state that has passed its own credit freeze law, in which case you may not have to pay or may pay less for the credit freeze.
The freeze will block lenders from looking at your credit report; since almost no lenders will extend credit when they haven't seen the report, a thief will most likely not be able to open credit in your name. If you want to get credit in some way, you will have to take action to unblock your account, using a personal identification code. The credit freeze extends until you decide to end it, at which time it could take several days to return the report to normal status.
In short, by freezing or locking credit, even you are blocked from using it for a minimum of two to three days. In case of LifeLock’s Credit Watch, you are never hindered from using your credit, have the flexibility of carrying out transactions only after verification and also benefit from the alerts.
