Identity theft is a growing problem and there is no evidence to suggest that this trend will abate any time soon. Therefore, it is imperative that as a consumer you are proactive in preventing identity theft. Freezing your credit is an effective way to place fraudsters and crooks at bay and stop them in their tracks.
Why Is Freezing Your Credit an Effective Way to Stop Identity Theft Before It Begins?
After identity thieves have gained access to your credit information they will then try to open accounts under your name. When a freeze is placed on your credit with the 3 major credit bureaus they (thieves) will not be able to gain access to your credit, because your credit has been locked or frozen. Your credit can only be unfrozen by you. It is important to note that each time you apply for new credit you must unfreeze your credit. In some states there is a fee to freeze and unfreeze your credit.
How Can I Get My Credit Frozen
In most states if you are a victim of identity fraud and/or are over the age of 65, you may be able to have your credit frozen for free. However, anyone can get their credit frozen. Depending on the state that you are living in you may have to pay a small fee to freeze and unfreeze your credit. Here is a list of states and the requirements to get your credit frozen. I strongly suggest that you get your credit frozen if you absolutely have no need for your credit. Do you have a child? Why not have their credit frozen? Do you have plans to open new accounts? If you do not have plans to open a new credit account I would suggest that you get your credit frozen. You will feel much more confident to tell credit card companies no whenever they try to offer credit monitoring for a fee. You will have no need for a credit monitoring service once you have your credit frozen.
It is always a good idea to know the risks that you face by living in a particular area. Here is a really cool tool that gives some very insightful information about various zip-codes.
What Are The Three Credit Bureaus
Equifax: Click here to get started on freezing your credit with Equifax.
TransUnion: Click here to get started on freezing your credit with TransUnion.
Experian: Click here to get started on freezing your credit with Experian.
Have you ever tried to get your credit frozen? Share your experiences in the comments section below.
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