Credit Freezes are free for all! Starting TODAY, September 21, 2018 Equifax, Experian, and TransUnion are offering free credit freezes.
Why Freeze Your Credit?
Back in May 2018, the Economic Growth, Regulatory Relief and Consumer Protection Act removed filing fees that went along with credit freezes. Filing a credit freeze prevents potential creditors from pulling your credit file unless you unfreeze or thaw your file beforehand.
Running your credit score also has the potential to lower your credit score, so a credit freeze will protect your score. Identity thieves can apply for credit under your name all they want, but they will be unsuccessful.
How to Place a Credit Freeze
Consumers must contact each of the three major credit bureaus online:
Online: Equifax Freeze Page
By phone: 800-685-1111
By Mail: Equifax Security Freeze
P.O. Box 105788
Atlanta, Georgia 30348-5788
By phone: 888-397-3742
By Mail: Experian Security Freeze
P.O. Box 9554, Allen, TX 75013
By Phone: 888-909-8872
By Mail: TransUnion LLC
P.O. Box 2000 Chester, PA 19016
Spouses are able to request freezes for each other as well. A credit freeze can be placed for dependents under the age of 16 by an adult family member, according to the new act.
For all active duty military personnel, free electronic credit monitoring services are available from the major three bureaus listed above.
Fraud alerts had an upgrade as well. Instead of getting free fraud alerts for just 90 days, they now last up to a year. Consumers can renew them each year.
Placing a credit freeze on your account doesn’t prevent existing lines of credit, such as credit, mortgage, and bank accounts, from being accessed by cybercriminals. Be sure to monitor your accounts with the helpful tips provided by Prilock’s Security Awareness Training.
Original Article Found Here.