Monday, November 26, 2007

Freeze your credit report and say goodbye to crooks

Customers here in Arizona and 10 other states have been given access to a powerful tool that will stop identity theft with the rest of nation. But like other tools, this tool also has to use with lot of care.


All three major credit reporting bureaus decided earlier this month that all will be free to freeze their reports for a modest fee. Freezing of your credit files will not allow crooks opening an account by your name.


And if you want to temporarily lift a freeze on your credit report to refinance your mortgage, for a new insurance policy or for opening a new credit account, you can easily do that with a personal identification number being provided to you by all of three credit bureaus. Freezing of your credit files will block new account application and will not disturb any of your existing accounts.


Customers who keep track of their credit activities, destroy unnecessary personal document and take other precautions might not need this tool against identity theft. To apply for a freeze on your credit report, you have to give information like your name, address, Social Security number and other personal information and payment of $10.

2 comments:

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Anonymous said...

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