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Hi friends,
What a great forum you have.
:D
I just wanted to share something with all of you. Nowadays we hear so much about Identity Theft. Once you are a victim of ID Theft, it can spoil your good name in the credit market. I discovered something about a "security freeze". A security freeze can protect you from becoming a victim of ID Theft. When you place a "security freeze" on your credit report, credit bureaus don't allow anyone to access your credit records, without your permission.
I have already thought of signing up for security freeze.
Security Freeze
Hi angie,
Thanks for the info.
But can you tell me is it same as a fraud alert. I have heard a fraud alert is placed when identity is stolen. Can I place a security freeze before I am a victim of ID theft, to prevent it from happening.
Hi Kevin,
A "security freeze" is different from a "fraud alert". You can place a fraud alert on your credit report, if you suspect that your identity has been stolen. A fraud alert remains on your report for 90 days. If you want the fraud alert to continue longer than 90 days, you will have to submit to the credit bureaus, a copy of the identity theft report you have filed with the police. If a fraud alert is placed on your report, the bureaus are careful in letting out your credit information to creditors. A fraud alert cannot totally prevent the creditors, from reviewing your credit records.
On the other hand, if you place a "security freeze" on your credit report, credit issuers cannot access your report, without your permission. A security freeze is a method of preventing identity theft. It can remain on your report, as long as you want.