Consumers Union’s Guide to Security Freeze Protection
Each year, more than eight million U.S. consumers become victims of identity theft. In many cases, crooks have used stolen personal information like Social Security numbers to open new accounts or credit lines in their names.
By placing a security freeze on their credit files, consumers can block access to those files, thereby preventing anyone from opening a new account or accessing new credit in their name.
For our complete “Guide to Security Freeze Protection,” click here.
When a security freeze is in place at all three major credit bureaus, an identity thief cannot open a new account because the potential creditor or seller of services will not be able to check the credit file. When the consumer is applying for credit, he or she can lift the freeze temporarily using a PIN so legitimate applications for credit or services can be processed.