It is a good idea to have some form of credit monitoring on all 3 bureaus that will alert you if someone applies for credit in your name. If that happens, there are steps that you can go through to get this corrected at www.identitytheft.gov. These steps include, among other things, placing a 90-day fraud alert on your credit file. A 90-day fraud alert will make it impossible for someone to apply for credit in your name because the creditor must call you first to be sure you originated this credit application.
Additionally, the credit bureaus will not release information to credit monitoring companies if there is a fraud alert on your file, so the fraud alerts must be removed before the consumer can enroll for comprehensive Credit Monitoring / Identity Theft protection with IdentityIQ or any other similar service.
To place a 90-day fraud alert on your credit file, you simply call one of the credit bureaus, and they will call the other two credit bureaus for you. Setting up a 90-day fraud alert is free.
You can also place a credit freeze on your credit file. A person that has a frozen credit file is probably safer than one who does not.
However, freezing your credit is not a great option. You will be required to pay to freeze your credit and you have to call all 3 credit bureaus. While your credit freeze is in place, you cannot have credit monitoring, alerts, or have credit reports provided to you. You will need to pay to get yourself unfrozen.
During a credit freeze, no company can get access to your credit file, so you can’t buy a car, rent an apartment, refinance, etc.Credit monitoring is more practical.
IdentityIQ provides comprehensive Credit Monitoring with all 3 bureaus and a 30 day refresh on credit reports. 24/7 Identity Theft protection is included with the Credit Monitoring and the cost of their plans range from $6.99 – $29.99 per month.
Buying or Selling a home is a complex process. I am prepared to do whatever it takes to see you through this process. Work with a professional Realtor who is willing to Go The Distance For You. My goal is to be the best real estate agent you have ever worked with.
Call or text me with any questions you may have at 918-313-0408.
Real Estate Specialist
Servicing Broken Arrow, Bixby, Jenks, Owasso, Tulsa and surrounding areas.
Posted on September 26, 2017 at 11:46 pm by John Cantero (918) 313-0408