| More people are freezing credit report
Spooked by the possibility of identity theft, increasing numbers of people are taking a radical approach to thwart criminals: They are putting their credit reports on permanent freeze. A frozen credit report prevents almost anyone from using your name to take out a loan or sign up for credit, such as a credit card, a bank account or cell phone service. That is because, with a freeze in place, potential new creditors can't get access to your credit record kept on file by the three main credit-reporting bureaus without your explicit permission. Michael Dana, a Dallas police detective, chose to freeze his credit reports after a Texas law took effect last month that made freezes available to all residents. Dana says he received several notices from financial institutions and the government saying that some of his personal information may have been compromised.
Agencies freeze credit reports to protect identities, curb theft
Spooked by the possibility of identity theft, increasing numbers of people are taking a radical approach to thwart criminals: They are putting their credit reports on permanent freeze. A frozen credit report prevents almost anyone from using your name to take out a loan or sign up for credit, such as a credit card, a bank account or cell phone service. That is because, with a freeze in place, potential new creditors can't get access to your credit record kept on file by the three main credit-reporting bureaus without your explicit permission. Michael Dana, a Dallas police detective, chose to freeze his credit reports after a Texas law took effect last month that made freezes available to all residents. Dana says he received several notices from financial institutions and the government saying that some of his personal information may have been compromised.
State Legislator Lauds Credit Bureaus
LITTLE ROCK -- State Rep. Dawn Creekmore successfully guided her bill to allow Arkansans to "freeze" their credit reports to thwart identity theft through the Legislature this year, only to have Gov. Mike Beebe use his veto power to kill the measure.The option will soon be available anyway. The three credit bureaus, TransUnion, Experian and Equifax, have said they will begin allowing consumers in all 50 states to request credit freezes."What they're doing is exactly what my bill would have done," Creekmore, D-Hensley, said, noting the change is coming only a few months after her bill would have taken effect.A credit freeze prevents a person's credit report from being accessed without the person's consent, preventing identity thieves from opening accounts or obtaining credit in the person's name.
HOW TO DO IT
Here's how to submit a security freeze request to each of the three national credit bureaus. There's no charge for identity theft victims, but you must submit a police report. Experian and Equifax require you to submit your request by certified mail; TransUnion does not. .
For more information
Generally, you will need to freeze at all three bureaus - TransUnion, Equifax and Experian - to make it effective. It's possible, however, that a bureau doesn't have a report on you - and it's silly to pay to freeze something that doesn't exist. So before you apply, get a copy of your free annual credit report from each bureau to see who has a report on you. You will also want to check the freeze terms at each bureau before deciding. How to apply: TransUnion has its system up and running. Send your name, Social Security number and a credit card number and expiration date (for the $10 charge) to TransUnion, P.O. Box 6790, Fullerton, Calif., 92834-6790. If you are a victim of ID theft, freezes and thaws are free. For more information, call 1-888-909-8872.
More people are freezing credit reports
Spooked by the possibility of identity theft, increasing numbers of people are taking a radical approach to thwart criminals: They are putting their credit reports on permanent freeze.A frozen credit report prevents almost anyone from using your name to take out a loan or sign up for credit, such as a credit card, a bank account or cell phone service. That is because, with a freeze in place, potential new creditors can't get access to your credit record kept on file by the three main credit-reporting bureaus without your explicit permission.Michael Dana, a Dallas police detective, chose to freeze his credit reports after a Texas law took effect last month that made freezes available to all residents. Dana says he received several notices from financial institutions and the government saying that some of his personal information may have been compromised.
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