Victory! All Three Companies to Offer Credit Freeze Protection!
(Image is in the Public Domain)
Consumeraffairs is now reporting that the last credit reporting company, Experian, will now be offering credit freezes in all 50 states, just like the other two.
Credit freezes have always been the quickest, strongest, and most effective way to reduce identity theft. And while this is true:
All three credit bureaus had staunchly opposed credit freezes in the past, claiming the practice would harm consumers seeking credit and slow down industries that depend on instant access to credit.If you've been reading how instant credit is destroying lives and burying people under mountains of debt they can't handle, this doesn't seem like a problem at all.
Anyway, they're not all in effect yet and I think that further legislation would be good to make sure that these companies don't worsen the deal over time, but it's a damn good start.
Tags: Credit Freezes, Identity TheftShare This
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