Life is Hard Enough. Keep your credit Safe!
Sometimes the largest personal asset an entrepreneur has does not sit on the company balance sheet which is personal credit. Personal credit is usually reviewed first at the Bank they choose to open their business account and it continues from there with the land lord for the business wanting a signed credit application with your SSN.
Your business depends on your personal credit. It is your ability to gain credit for your business which is why it must be reviewed and protected. As a lender our banks review my personal credit on an annual basis which means I need to make sure my credit is protected. When I did my annual review of my credit I saw an account I don’t remember signing up for which was not being used but I had no recollection of applying for this account. I decided at that point to partner with a company, Lifelock, to protect my credit.
Lifelock www.lifelock.com provides a million of insurance for identity theft. I look at it like insurance on the business. How could I not protect my biggest personal asset for my credit. What if my identity was stolen? What would happen to my credit and more importantly what would happen to our relationships with our banks? The scenario almost made me sick to my stomach. I feel much better that I don’t have to worry about that for $10.00 per month!
Here is their info:
About LifeLock
LifeLock is the industry leader in the rapidly growing field of Identity Theft Protection. We are based in Tempe, Arizona. Our company is led by experienced and successful entrepreneurs and industry experts. We are backed by Bessemer Venture Partners, one of the leading venture capital firms in the world. We serve tens of thousands of consumers in every state of the union, Puerto Rico and the US Virgin Islands. Take a moment to browse and learn about the team that will work for you.
April 4th, 2008 at 1:01 pm
Thanks for the information. I was thinking about using this service and was unsure of its value. Thanks again
April 4th, 2008 at 3:29 pm
Let me know if you have other questions about credit.