September 10, 2018

In a Few Days, Credit Freezes Will Be Fee-Free

This post was originally published on this siteLater this month, all of the three major consumer credit bureaus will be required to offer free credit freezes to all Americans and their dependents. Maybe you’ve been holding off freezing your credit file because your home state currently charges a fee for placing or thawing a credit freeze, or because you believe it’s just not worth the hassle. If that accurately describes your views on the matter, this post may well change your mind. A credit freeze — also known as a “security freeze” — restricts access to your credit file, making […]
September 21, 2018

Credit Freezes are Free: Let the Ice Age Begin

This post was originally published on this siteIt is now free in every U.S. state to freeze and unfreeze your credit file and that of your dependents, a process that blocks identity thieves and others from looking at private details in your consumer credit history. If you’ve been holding out because you’re not particularly worried about ID theft, here’s another reason to reconsider: The credit bureaus profit from selling copies of your file to others, so freezing your file also lets you deny these dinosaurs a valuable revenue stream. Enacted in May 2018, the Economic Growth, Regulatory Relief and Consumer […]