Consider Freezing Your Credit for Safety
Unless you have been avoiding the new for the past few months, you know that there is a high probability that your information was part of the massive data breach at Equifax. If you weren’t affected by that breach, there have been many others that may have impacted you. To be safe, you should probably just assume your data is out there for sale somewhere. While there are many ways to manage the impacts of these breaches, the safest option is to freeze your credit. I have personally frozen all my credit reports.
A credit freeze at the major credit agencies makes it much harder for anyone to steal your identity. Most loans require access to one these reports to determine your eligibility. The downside to freezing your credit is that you will need to unfreeze your credit in order to take out loans or apply for credit cards. In addition, you may be required to pay a fee to add or remove a freeze from your reports. The fees are set by each state so what you may pay can vary.
Find out more and freeze your credit at the big 3 credit agencies at the following links:
You should also consider adding freezes at the following companies who
No matter whether you choose to freeze your credit or not, stay on top of your credit. Make sure you are regularly reviewing your free credit reports available annually at www.annualcreditreport.com.