Tuesday, May 20, 2008

try lifelock

A friend of mine recently got married and decided to purchase a condominium unit in Makati City for his new bride. They are both pretty excited since they've always wanted to have a home where they can start their family. The couple felt that a condo unit is the best option to live at nowadays since both are working in the busy makati area and buying a house and lot nowadays within the same area will probably cost them an arm and leg. So, they both agreed that condo living is the best option for them at least for the moment.

After paying for the reservation fee and paying full for the downpayment, they immediately prepare the bank requirements to avail of a housing loan to cover the remaining balance for their condo unit which they plan to pay in monthly payments through a bank facility. We all know how hard it is to comply with the bank's requirements to be able to be granted a loan but my friend painstakingly did all that just to get approval because they badly needed it. My friend submitted all the requirements to the bank and imagine his surprise to find out after a week that his application has been declined just for the simple reason that he had a bad credit standing discovered by the bank! He was so pissed off and demanded to talk to the bank manager as he was pretty sure that he has no other pending financial obligation and paid all his credit cards in full to avoid this things to happen in the first place. The bank said that they have nothing to do with it because they are just referring their client's financial background to the bank's database. Upon doing some research, they found out that it was not actually my friend who's at fault here but apparently his identity has been used to transact business using his credit card which he hardly use.

This can happen to anyone and we have to be very careful. Whether we are at a store, online at home doing some e-shopping or just about everywhere as long we as we are paying and using our credit cards, we have to be careful for fraud like this. It's hard to lose one's identity because it would mean that you have to spend a lot of time in cleaning up your name against all credits. And what's worst, you will know about this only when you have been turned down for a loan or contacted by a collection agency. Just like what happened to my friend.

This could be prevented if we have learned about life lock. LifeLock, the industry leader in proactive identity theft protection, offers a proven solution that prevents your identity from being stolen before it happens. With lifelock.com, our name and personal identity will be protected against all identity theft and their services are guaranteed uo to $1,000,000!
To receive better discount, all we have to do is use lifelock promo code and we can have the best available offer.

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