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iyafred29

What Everybody Ought to Know Before Freezing their Cards - 1 views

started by iyafred29 on 24 Sep 15
  • iyafred29
     

    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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