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Credit Freeze 7-4 3-3 - Credit freezing is set in law in...

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Stoker 1 Greg Stoker March 3, 2008 Professor Linck FNPL-101 Credit Freeze 7-4 The term “credit freeze” refers to the process of blocking access to a person’s credit file. Simply put, access to the consumer’s credit file at any of the major bureaus (Equifax, Experian, and TransUnion) is completely blocked, so when an identity thief attempts to open a bank account or apply for a credit card, the bank or creditor will be unable to access your credit history and will not open an account for the thief.
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Unformatted text preview: Credit freezing is set in law in many states, and is offered voluntarily in all others. A full version of the law is available at http://mlis.state.md.us/2007RS/bills/sb/sb0052e.pdf for Maryland residents interested in learning more about obtaining a credit freeze. The freezes are free for anyone who can provide documentation showing that they were a victim of identity theft, and $5 for all others....
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