One of the better protections available to identity theft victims is now globally available. Credit reporting agency Experian was the last holdout among the three major companies processing credit information in the United States.
A freeze simply means that no new companies can access your credit records. This means a new account can't be opened in your name. TransUnion and Equifax already offered the service, which is mandated by state law in multiple jurisdictions for identity theft victims.
Experian announced that any consumer would be able to freeze their account -- even permanently -- for a fee of $10 for any reason other than identity theft.
This is a major boon for consumers, one that was fought by Consumers Union, who later issued a statement criticizing the charge but supportive of the move.
Labels: Consumers Union, credit, Experian
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