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July 22, 2005

Lock Down your Credit Report with new Credit Report Freeze option

New credit report freeze option prevents identity theft better than credit report Hawk Alert.

Your credit can be ruined rather fast if your identity is stolen. To prevent an identity theft, states are taking action. If you live in Louisiana, Texas, Vermont and Washington, you are about to have an ability to freeze your credit report. Similar law has been successfully used in California since 2003.

What it means is that no credit will be issued on your name without your very explicit permission. Various checks will be put in place to verify your identity to unfreeze your frozen credit report.

In some states like Colorado which imposes similar law on July 1 of 2006, credit reporting agencies are prohibited from releasing the credit report or any information contained in that report without prior authorization obtained from consumer.

If you live in Texas, Vermont and Washington you can freeze credit report only if your identity was stolen before.

Other states to follow are Nevada, Connecticut, Illinois and Maine.
How to prevent identity theft with credit report freeze.

Posted in Credit Repair at July 22, 2005 12:31 PM

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