Freezing Identity Theft by truth4reviews


									Freezing Identity Theft

        Not every state offers the ability to FREEZE your credit reports, but if you have fallen
        into the hands of a thief check to make sure this option is not available to you. Using
        credit freeze to halt identity theft will prevent further activities and put a halt on the
        thief’s ability to take control of your life.

        It is important to monitor your credit reports often to make sure your reports are updated
        and that no one is taking advantage of your identity. You should also keep your
        Passwords, Codes, Pin numbers and monitor your insurance policies and other resources
        under your name often to prevent identity theft, or else to slow the thief.

        Identity theft activity will cost more than $2 trillion dollars estimated by the end of 2005.
        The New Data from Market Research Firm Aberdeen Group claims that trillions of
        dollars are spent to recover from identity theft. If you state provides the option to freeze
        your credit reports then by all means you should act fast if you are a victim. The freeze
        prevents creditors and credit bureaus, as well as others from utilizing credit in your name.
        The freeze can help stop identity theft, by enabling you to take further steps to ensure the
        perpetrator stops stealing from your life.

        Fraud Alerts merely tells the person viewing your reports that someone has unjustly
        created a debt. Credit freeze means your files are restricted entirely to loaners,
        policyholders, employers, and others. The ability for anyone to form credit by using your
        name is completely prohibited with a credit freeze pending on your reports.

        Credit freeze is the best source for stopping identity theft, and it will help you, since you
        may be eligible for credit, even if your identity was stolen. Fraud Alerts mean that when
        you apply for credit, most likely you will be rejected. The Credit freeze stops identity
        theft in their tracks.

        At what time you instigate credit freeze to stop identity theft your odds are better of
        getting credit and it will permit companies you seek employment to run background
        checks, only by use of a PIN number. Thus, when you initiate a credit freeze the PIN
        number is yours and will only be removed temporarily if you are applying for
        employment or a line of credit.

        Utilizing credit freeze to stop identity theft usually takes a few days upon request in the
        states that permit the option, and it means that no matter what the thief has in his/her
        possession belonging to you; (Driver License, Date of Birth, Social Security Number, et
        cetera) means nothing. To begin the credit freeze process in stopping identity theft,
        contact TransUnion, Equifax, and Experian immediately, after notifying your local
        authorities, telling them that you wish to freeze your accounts. It depends on the state you
        are in as to what it entails in freezing your accounts to prevent further criminal activities,
        but for the most part, if you have proof that you are a victim the process is free. Some
        states charge $10 if an act of identity theft has not occurred, or else if you are a victim
        longer than a specific timeframe and now calling.
    The best tips for preventing identity theft include:
    Keep constant watch over your bank statements, credit reports, and keep receipts on all
    purchases made by you. Monitoring all activities will help you to stay alert and help you
    if additional legal steps are required.
    If you suspect that unauthorized activities are pending, be sure to contact the credit
    bureaus, your creditors, bank, credit card providers and anyone holding information
    linked to you immediately.

    While putting a credit freeze on your reports to stop identity theft is a good idea, steps to
    prevent should be taking as well:
   Do not give our personal information to anyone without knowing your level of security.
   Never give your personal information over the phone lines.
   Avoid giving personal information over the Internet unless the site is secured and
    guarantees that your information will not be sold, leased or given to others.
   Last, but not least, never lead your self to believe that you are untouchable by identity

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