Wednesday, February 25, 2015

Week One, Stopping Identity Theft

Identity theft is a concern, especially for the elderly. I meet with my parents and elderly aunt weekly and thought we could all benefit by doing what we could to prevent identity theft. After investigating identity theft insurance and reading online reviews it became apparent that perhaps with a little effort we could save the premium and actually do a better job of protecting ourselves.

We move at a snails pace, but don't frown at our small beginnings because perhaps we will win the race.  Come along for the ride and investigate solutions along with us.

Week One

Put a freeze on credit:

A credit freeze prevents potential new creditors from viewing your credit report without your permission. This way, you will be the first to know if someone is trying to get a credit card or car loan in your name. It will not allow criminals to open new accounts using your identity or pieces of your identity.

A credit freeze does not affect your credit score, nor does it stop you from getting your free annual credit report. However, a credit freeze is not for everyone. If you apply frequently for credit or on short notice, a credit freeze is probably not for you.

We used this link to print out the form letters, etc. You can also freeze your credit online or over the phone which is quicker, easier, and cheaper, too.

It will cost approximately $10.00 to remove the freeze and then another $10.00 if you reinstate the freeze.

It did not cost us anything to freeze our credit. We used all three formats available. Also, please note that husband and wife must each file a separate credit freeze on their account.

Let me know, if you join the journey!

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