If you’ve been the victim of identity theft, a credit freeze is one of the best ways to stop additional fraud in its tracks.
A credit freeze effectively “seals” your credit reports with a personal identification number (PIN) so that only you, and those you give that PIN to, can access your reports. With a fraud alert, whether it’s the shorter 90-day version or the much longer 7-year variety, creditors are simply warned that they should be doing a little more diligence before extending you credit. It results in a little more work on your part, asking for information that, hopefully, an identity thief doesn’t have.
Continue reading What is a Credit Freeze or Security Freeze?