![]() ![]() In most cases, a lender will contact you to verify a credit application. It can cost as much as $10 per credit reporting firm, and you also have to pay to lift the freeze later if you want to apply for new credit.Īlthough Equifax is covering the cost of credit freezes and monitoring of its own records, it’s not doing the same for freezes and monitoring through the other major credit reporting firms, TransUnion and Experian.įraud alerts offer less protection, merely flagging lenders and card issuers that credit applications should receive extra scrutiny. ![]() Decide how to secure your credit dataĪ credit freeze offers the best firewall against your data being misused because it restricts access to your records. Look for one that sends alerts when new accounts are opened, when your score changes and so on. You can do this yourself many personal finance websites and some credit card issuers offer free scores and credit report information you can access anytime. Regularly check your credit scores for unexplained movements and your credit reports for accounts you don’t recognize. You also need to watch for signs that someone has opened new accounts using your data. You can challenge fraudulent credit charges, but your best protection from liability depends on alerting your issuer in a timely fashion. Check your accounts online frequently or set an alert to notify you whenever a charge above a set amount is made. Watch your credit card accounts for suspicious chargesĮven if this breach didn’t compromise your data, identity thieves are always at work.ĭon’t wait for your monthly statement to arrive fraudulent charges may pile up before you notice.
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