Freeze Your Credit, Don’t Lock It
A new law — the Economic Growth, Regulatory Relief, and Consumer Protection Act — takes effect on September 21, 2018. The law requires the big three credit bureaus to offer free fraud alerts and credit freezes. Equifax, Experian, and TransUnion will set up webpages for those services. You also have the ability to lock your […]
4 Tips to Protect Yourself from Credit Fraud
The recent Equifax breach has left 145.5 million Americans facing a lifetime of higher risk for credit fraud. All Americans should now assume that their most sensitive financial data has been compromised. Here are 4 tips to protect yourself from credit fraud. 1. Freeze your credit file. The very best way to protect yourself from […]
Credit Monitoring Services are a Waste of Money
Many companies (like LifeLock, Identity Guard, and IdentityForce) offer to monitor your credit report and alert you if something suspicious happens. These companies charge a monthly fee, between $9.99 and $29.99 per month. All three credit bureaus also offer credit monitoring services for various monthly fees. In theory, these service are a good idea. In reality, however, credit monitoring services […]