A 30-second read by the Baron Team: This is an update to our September 2017 blog post concerning the Equifax data breach that occurred in September of 2017. Due to the data breach, we advised considering freezing your credit reports to stop thieves from opening new credit cards or loans in your name. Freezing your report also prevents you from opening new accounts, so each time you apply for a credit card, mortgage or loan, you need to lift the freeze a few days beforehand.
Now, you can freeze and unfreeze your credit at the three major credit bureaus for free, thanks to a new federal law that took effect on September 21, 2018.
In addition, the law extends the length of time a fraud alert remains on your credit report to one year, from the previous period of 90 days.
You will need to contact all three credit bureaus to place a freeze on your credit report:
- For Equifax: www.equifax.com/personal/credit-report-services/
- For Experian: www.experian.com/freeze
- For TransUnion: www.transunion.com/credit-freeze
For more information regarding credit reports and identity theft, read our Equifax data breach post.
Please contact your Baron team with any questions.