Protect yourself by "freezing" your credit report.

By
Real Estate Agent with Helix Properties, LLC

Just took a great Continueing Education class on FAIR Isaac Credit Scores, what it means, how they are measured and general information about how lender's use credit scores to determine lendability.  

 

One of the best things that came up was that everyone should probably "freeze" their credit report.  When a securitye freeze is aded to your credit report, all third parties whose access is not exempt under law will not be able to access your credit report without your consent.  If you have beena victim or identity theft, this service is highly recommended.  

 

This is a free service in all states if you have been a victim of identity theft.  If you are not a victim, there is a charge in Arizona of $5.00 per bureau to add, lift or remove a Securtiy Freeze.  Once you have ordered a security freeze there are still some agencies that can have access to your credit file:

  • Companies you have a current financial relationship with.  
  • State, local law enforcement agencies and child support agencies
  • Governmental agencies
  • Uses falling under the FCRA disclosure to the FBI for counterintelligence
  • Crdit monitoring services that the consumer has subscribed to.  

The three main credit bureau's are Equifax, Experian and TransUnion.  

You should be able to go online and request a freeze on your credit account.  Their websites are as follows;

Equifax - www.equifax.com

Experian - www.experian.com

TransUnion  - www.Transunion.com

let me know if you have any questions.  

Sincerely,

 

Deepak Verma

Posted by

      

 Instant Mortgage Qualification

Direct: 480-559-9609

Mortgage Qualification

Or Online at www.ApprovingAZ.com

Comments (2)

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thanks for the information I was not aware of the security freeze before.

Sep 23, 2011 07:03 PM
Pam Hills
Innovative Artistry - Kendall, FL
ASP/IAHSP- Stager Miami, FL, Creative Minds Innovatively At Work

Dear Deepak ~ Thanks for sharing, I didn't realize it was called "freezing".  I knew that they put restrictions on access & additional security, but I didn't realize that they froze it.  This was very interesting to me, as I have had my identity stolen.  Thanks for sharing.

Sep 23, 2011 07:04 PM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?