Your agent may already have explained to you the basics in freezing your cards when you are a victim of card fraud or is in danger of being one. Your credit provider may also be able to freeze your card even when you least expect it. However it may be, there are still different reasons why you should freeze your credit.
Security freeze is known to be an effective way to determine or stop the most complicated identity theft. As mentioned, it can be requested by either the holder or the company, lest they detect patterns of purchase similar to credit scams. Whether to put a security freeze to your credit is a highly personal decision for the owner or a prerogative of your credit provider. However, if you are susceptible of fraud, you can immediately request for it.
Forbes, one of the world's leading print and online magazines has recommended it. Business Funding Axis Capital Group, credit lender for small business owners across America has also advised it to their clients and bloggers and financiers have suggested it. Unless you are rest assured that you will not fall as a victim of fraud, then, it may not be necessary for you to keep your credit frozen.
The following are the factors that can help you decide whether to freeze your card or not:
1. ID Theft Victim
If you are already a victim of new identity theft, you might just as well consider freezing your account or placing a security freeze. Your misused identity can be sold or traded in an illegal way. Fraudulent scams like these happen in many developing cities such as Bangkok, Thailand, Jakarta, Indonesia and Hanoi, Vietnam where authorities and penalties remain lax. You may already have resolved the issue but after a few months or a year, it can happen again. In many states, no fee is required if the client request to put security freeze.
2. Security Breech Notices
Has your Social Security number been part of a security breach? If a company or government agency has had a security breach which included your Social Security number, you may be at higher risk of ID theft. In less than three years, companies and government agencies announced security breaches affecting more than 200 million records containing sensitive personal information about individuals. The security freeze will stop a thief who has your Social Security number from using it to open new accounts in your name.
3. Stolen mail
If your mail has been stolen, this may be an indication that you've been targeted for ID theft. Get a locked mailbox and consider a security freeze.
Your
agent may already have explained to you the basics in freezing your cards when
you are a victim of card fraud or is in danger of being one. Your credit
provider may also be able to freeze your card even when you least expect it.
However it may be, there are still different reasons why you should freeze your
credit.
Security
freeze is known to be an effective way to determine or stop the most
complicated identity theft. As mentioned, it can be requested by either the
holder or the company, lest they detect patterns of purchase similar to credit
scams. Whether to put a security freeze to your credit is a highly personal
decision for the owner or a prerogative of your credit provider. However, if you
are susceptible of fraud, you can immediately request for it.
Forbes,
one of the world's leading print and online magazines has recommended it. Business
Funding Axis Capital Group, credit lender for small business owners across
America has also advised it to their clients and bloggers and financiers have
suggested it. Unless you are rest assured that you will not fall as a victim of
fraud, then, it may not be necessary for you to keep your credit frozen.
The
following are the factors that can help you decide whether to freeze your card
or not:
1. ID
Theft Victim
If you are already a victim of new
identity theft, you might just as well consider freezing your account or
placing a security freeze. Your misused identity can be sold or traded in an illegal
way. Fraudulent scams like these happen in
many developing cities such as Bangkok, Thailand, Jakarta, Indonesia and Hanoi,
Vietnam where authorities and penalties remain lax. You may already have
resolved the issue but after a few months or a year, it can happen again. In many
states, no fee is required if the client request to put security freeze.
2. Security
Breech Notices
Has your Social Security number been part of a
security breach? If a company or government agency has had a security breach
which included your Social Security number, you may be at higher risk of ID
theft. In less than three years, companies and government agencies announced
security breaches affecting more than 200 million records containing sensitive
personal information about individuals. The security freeze will stop a thief
who has your Social Security number from using it to open new accounts in your
name.
3. Stolen mail
If your mail has been stolen, this may be an
indication that you've been targeted for ID theft. Get a locked mailbox and
consider a security freeze.
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