Protect Yourself from Identity Theft? Here is How to Place a Credit Freeze.
In the wake of recent large-scale data breaches at major credit bureaus, it's crucial for renters to take proactive steps to protect their personal information. One effective measure is placing a credit freeze, which prevents new credit accounts from being opened in your name and helps safeguard against identity theft.
What is a Credit Freeze?
A credit freeze, also known as a security freeze, restricts access to your credit report. This means that creditors cannot view your credit report, thereby preventing them from approving any new credit accounts in your name, whether they are fraudulent or legitimate. This is a vital tool in protecting your identity, especially if you suspect that your personal information has been compromised.
How to Place a Credit Freeze?
Placing a credit freeze is a straightforward process and can be done for free by contacting each of the three major credit reporting agencies: Equifax, Experian, and TransUnion. You have the option to submit your request online, by phone, or by mail.
- **Online or by Phone**: The credit reporting agencies are required to freeze your credit report within one business day of receiving your request.
- **By Mail**: If you choose to mail your request, the agencies must freeze your credit report within three business days of receiving it.
How to Lift a Credit Freeze?
If you need to allow lenders and other companies to access your credit files to create new accounts, you can lift your credit freeze either temporarily or permanently.
- **Online or by Phone**: Agencies must lift the freeze within one hour of your request.
- **By Mail**: If requested by mail, the freeze must be lifted within three business days.
Stay Vigilant Against Scams
In addition to placing a credit freeze, remain vigilant against potential scams. Be cautious of unsolicited communications requesting personal information and always verify the authenticity of such requests.
By taking these steps, you can significantly reduce the risk of falling victim to identity theft. For more detailed guidance on placing or lifting a credit freeze, visit the [USAGov website](https://www.usa.gov/credit-freeze).