Is a Identity Theft Protection Service Preventing a lender to obtain information

Is a Identity Theft Protection Service Preventing a lender to obtain information -

Q: I am in the process of refinancing my home. I completed and submitted applications, giving my Social Security number and other important information. I decided not to go with this broker and now I am concerned about the information provided. Does the identity protection against theft, it is difficult for a lender to get information

A: A protection against identity theft services will not make it difficult for a lender to get your credit information . Instead, most of the services proactively monitor the use of your personal information, provide 3-bureau monitoring credit report and offer some kind of computer protection. Some include other goodies like free credit score and protect lost wallet.

credit monitoring 3-bureau does exactly what the term implies - it continuously monitors your credit reports at Equifax, Experian and TransUnion and will alert you if a change occurs. It does not warn potential lenders to obtain information on your credit report. Only a credit freeze will lock your credit report and prevent new creditors from accessing it.

We strongly recommend the identity theft protection, especially if you feel your personal information may be at risk. Our first choice is Identity Guard TOTAL protection® because of their strong protection characteristics. Identity Guard monitors public records for any changes to your name, analysis databases for the purposes of fraud or of social security, and monitors the Internet black market for any use of your credit cards, social security number or other personal information. It also provides credit monitoring-3 office, Zone Alarm Internet security software, anti-keylogging software, mobile security software and protect lost wallet. In addition, members will receive free credit scores when they register. At this point, Identity Guard offers readers a NextAdvisor free 30 day trial and 25% .