Credit freeze was first introduced in 2003 but it wasn’t until 2007 when the government required all three major credit bureaus- Equifax, Experian and TransUnion- to implement freezing.
Currently, credit freeze is being done in all 47 States of the US. What is a credit freeze and why should you be interested to learn about it?
To avoid identity theft, the best way is to put your credit report on a freeze. How does credit freeze work and why should you consider it?
What is Credit Freeze?
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?
With the advancement of modern technology, identity thieves have become more ingenious and more proficient in executing their crimes. Let’s talk about the two most common schemes identity thieves used to steal information.