You’ll be able to freeze your credit for free — but that won’t end ID theft

Last week, a new law torched some of the banking rules that were put in place after the financial crisis to protect us. But also tucked into the otherwise awful bill was a win for consumers.

By Sept. 21, everyone will be able to place and remove a “security freeze” on their credit files for free. Such a freeze — also called a “credit freeze” — blocks lenders from pulling your credit reports. It’s a powerful tool to thwart identity thieves from using your financial information to open credit cards or take out loans.

Read Full Article: You’ll be able to freeze your credit for free — but that won’t end ID theft

 
 

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