A Lock On Credit Reports
Monday, July 23rd, 2007We know how identity theft serves as a violation of our privacy and how it can ruin our lives. Luckily, we now have security freeze as a weapon against identity theft!
The security freeze law can enable people to control who has access to their credit reports. With security freeze, you will be sent fraud alerts and warning flags, and creditors should contact you before issuing credit.
Basically, the security freeze will put a lock on your credit reports which will only be lifted when you supply a personal identification number. If a thief tries to open an account under the name of a person using the security freeze, the creditor wouldn’t be able to obtain the report and would refuse to open the account.
There are about 37 states in the United States that have allowed security freeze to be used. It seems that even in these states, however, only a few know of the security freeze. The prospect of an additional security preventing identity theft interest many people. While it may not be a complete protection against identity theft, it nevertheless prevents the opening of new accounts that require credit reports, which is mainly the common form of identity theft.





















