Identity Theft is the illegal possession and manipulation of a person’s personal information such as name, social security number, credit card number, driver’s license number, bank account number, address, phone number, and personal identification number (PIN).
What is a credit freeze and how can it protect you against identity theft? Is it really an effective tool to fight ID theft and fraud?
What is Credit Freeze?
The purpose of credit freeze is to block everyone – new creditors, insurers, employers – from accessing a person’s credit report. Even the credit report owner is blocked out, unless he/she requests to “thaw” or “unfreeze” the report.
With the prevalence of identity theft ever increasing, perhaps you’ve been thinking about getting more protection for yourself. Perhaps you’re considering on applying for an identity theft insurance policy so that you’ll have some assistance just in case you get victimized by identity theft. But what really is an identity theft insurance? Should you really get one? Can it really protect you from the pains and trouble of stolen identity?