![]() ![]() It’s also important to note it can’t protect you from every form of theft, like criminal identity theft or tax-related fraud. “That’s a new credit card, that’s a new loan, that’s a mobile phone account, that’s a utility, that’s a mortgage, that’s a car,” Siciliano said.Ĭons: “Thawing” your credit freeze requires a personal identification number and can be inconvenient when trying to apply for a loan or a new credit card. When someone gets your Social Security number, they can open up new lines of credit under your name. Pros: A credit freeze, which is one way you can block access to your credit report, is fundamental to preventing new account fraud - the purest form of identity theft, noted Robert Siciliano, a security analyst with Hotspot Shield. But the options offered by credit agencies to restrict access to your credit report can be confusing to navigate, so here’s a look at the pros and cons of some of the available choices. To protect your identity, experts recommend that you freeze your credit at all three major agencies. The national agencies - Equifax, Experian and TransUnion - are giving consumers this option about a year after Equifax announced criminals stole the personal information of more than 147 million people. ![]() ![]() Previously, a credit freeze could cost up to $12. Getting a credit freeze is now free for everybody, including children under 16, under a new federal law that went into effect Friday. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |