1. Monday, February 18, 2013 - 4:09 PM
Thanks Ken. Is now a "sticky" in my favorites.
101 posts since
Dec 8, 2012
Rep Points: 276
2. Monday, February 18, 2013 - 10:03 PM
Many banks/mortgage companies/employers, et. al. continue monitoring one's credit profile; freezing those files may cause unexpected results such as card cancellation, security clearance denial, delay/complication of job offer, and mortgage application rejection.
It is a bit drastic, IMHO.
1,476 posts since
Jan 16, 2010
Rep Points: 6,427
3. Tuesday, February 19, 2013 - 2:38 PM
Before freezing your credit, there is the less drastic step of having a 90 day fraud alert placed on your credit reports. A lender or creditor is suppose to call you at the telephone number provided before looking at your credit. Although this is not ideal, it is less drastic than freezing your credit.
553 posts since
Aug 3, 2010
Rep Points: 3,432
4. Tuesday, February 26, 2013 - 11:48 AM
If you are worry about your personal or financial information then i will suggest you to sign up with any identity theft protection organization. they will protect your personal or fiancial information and give you regular update about your information.
5. Friday, May 10, 2013 - 4:26 AM
If the damage to your financial standing and reputation caused by identity theft is extreme, then credit freeze is indeed the best protection against identity theft. However, you have to be prepared for the hassles to activate it and the fees that might be associated with it. Furthermore, a credit freeze may decrease your chances of obtaining loans and mortgages and might cause card cancellations. So, before you ask a bank to freeze your account, make sure that it is totally necessary. I suggest that you visit http://www.dailycreditmonitoring.com/7-methods-you-can-use-to-avoid-identity-theft/ to learn more how you can prevent identity theft.
20 posts since
Mar 29, 2013
Rep Points: 25