Tuesday, February 19, 2008

Credit report freezing fee for Georgia consumers

According to a bill passed by Senate, Georgia consumers could pay a fee to freeze their credit reports. Senate Bill 361 would allow the bank officials to decide how much the credit report freezing should cost.


The House passed a similar bill in late January, capping the cost at $3. In case the two chambers agree on a compromise and also require Governor Approval, Georgia will be the 40th State to pass a law to freeze credit report. Credit reporting agencies have been demanding higher fees for this service.

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