Credit freeze can help prevent identity theft

[LordOfMud]

Credit freezes can help prevent identity theft. Are they worth your time?

Protecting yourself from identity theft just got easier. Consumers can freeze and unfreeze their credit reports without paying a fee, effective Sept. 21. However, they still need to contact all three.

A new law takes effect Friday that allows Americans concerned about identity theft to restrict access to their credit. The service is free.

A credit freeze restricts access to your credit file, making it more difficult for people to open new accounts in your name. The freeze must be lifted before any new credit is issued to buy a car or house, for example.

How to freeze your credit report for free:

• TransUnion: Visit TransUnion.com/credit-freeze. The company also has a free-freeze mobile app called myTransUnion, available at the Google Play Store and the Apple App Store.

• Equifax: Visit https://www.Equifax.com/personal/credit-report-services/. Or call its automated line at 800-685-1111.

• Experian: Visit www.Experian.com/freeze. Or call 1-888-EXPERIAN (1-888-397-3742).

After receiving your freeze request, each credit bureau will provide you with a unique PIN (personal identification number) or password. Keep the PIN or password in a safe place. You will need it if you choose to lift the freeze.