Tuesday, October 09, 2007

FREEZE!!



Good News! You will soon be able to freeze your credit reports, making it more difficult for identity "teefs" to open accounts in your good name. This is a much better solution than say, keeping credit so bad that the "Teefs" can't open accounts anyway.


All three credit reporting agencies recently announced plans to let consumers freeze their credit files. Credit freezes provide security at the cost of convenience: access to credit reports and scores is prevented without the consumer's express authorization, making it difficult to open new accounts or lines of credit. Freezes are considered one of the best, albeit drastic, ways to guard against identity theft.

Starting November 1, Experian will allow victims of identity theft to freeze and thaw their accounts for free. Others will have access to the same services, though the charge will vary by state.


read more at the consumerist.com

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