Credit freeze can help identity theft victims
How advisable is it for people to have credit-check freezes with the credit reporting companies? What hassle and expense is involved? If you sign up for a credit freeze with one credit bureau, are you signed up with all of them?
Several states allow residents to lock up or "freeze" their credit reports, preventing anyone -- including themselves -- from using their credit histories to establish credit. Residents who opt for such a freeze are issued a password that allows them to unlock the report when they want to apply for credit.
Credit freezes can be a terrific tool for identity theft victims and those at high risk, such as people whose personal information has been exposed to criminals. Freezes are much more effective than previous measures, such as fraud alerts, that sometimes are ignored by lenders. Credit freeze can help identity theft victims
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