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Should I Freeze My Credit


hank
hank | | 42 posts since 2016

article in today's New York times recommends using a credit freeze. https://nytimes.com/2017/09/08/your-money/identity-theft/equifaxs-instructions-are-confusing-heres-what-to-do-now.html?rref=collection%2Fsectioncollection%2Fbusiness&action=click&contentCollection=business®ion=rank&module=package&version=highlights&contentPlacement=2&pgtype=sectionfront&_r=0

I have already been a victim of identity theft and I did originally put a credit freeze on my account. When I wanted to open a short lived cd offer at veridian credit union, by the time I took the credit freeze off, the offer had expired. I found unlocking the credit freeze required a fair amount of time and after that I decided to get rid of the credit freeze. I already have a 7 year fraud alert on my account(I don't know why they only do a 7 year one, it should be lifetime)

What do others think of this?



Answers
Bozo
Bozo | | 846 posts since 2011
As little as I understand about these things (and it is minimal), a "freeze" is a shut-down. This means your access to sflimoexpress.net (and other accounts, such as credit cards, loans, you name it) is effectively "frozen". You can "un-freeze" it, but do I need that pain? An "alert" is supposedly different. The financial industry has been thrown into turmoil by this breach. As I mentioned to my wife, think of all the banks and credit unions with toll-free "800" numbers. The CSRs must be in a panic.