How to Freeze your Credit

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In this article we will go over how to freeze your credit. What this will do is prevent anybody from opening any new credit under your identity. What happens is that when someone tries to open new credit under your identity, they will need a secret PIN that you choose, and since they will not have that, they will not be able to open a credit account under your name. You will be able to open new credit if needed as you will call up the credit bureau and thaw your credit so you can open a new credit account.

There are fees involved in freezing and thawing your credit with each bureau and per person. They can range between $3-$10 depending on the state.

If you are going to be opening new credit lines soon, you will probably want to hold off.

At the bottom in resources is the web links, also below you will see a sample letter, be sure you send in the requested information from each creditor as each requests different information. The fees are for each person, so if you are freezing for you and your spouse you will need to pay the fees for both and send in a letter for each person. Please remember to carefully read the instructions for each credit bureau as they can change at any time.

EQUIFAX CREDIT FREEZE – the website info will be listed down below in resources. Credit Freeze must be made by certified mail return receipt requested. The link to see your state’s fees is again listed below in resources, also check to see if your state has senior citizen discounts.

EXPERIAN CREDIT FREEZE – They actually allow you to request the Freeze online or by certified mail-return receipt requested.

TRANSUNION CREDIT FREEZE – They allow you to request a Freeze by mail, phone or online. Another great thing about Transunion is they are free until July 14th 2009.

Addresses:
Equifax Security Freeze
P.O. Box 105788
Atlanta, GA 30348

Experian Security Freeze
P.O. Box 9554
Allen, TX 75013

TransUnion
Fraud Victim Assistance Department
P.O. Box 6790
Fullerton, CA 92834

Sample Letter:

Address of Credit Bureau

Date: __________________________

Dear (name of credit bureau)

I would like to place a security freeze on my credit file. My name is:

_______________________________________________

My date of birth is:

_____________________________

My social security number is:

_____________________________

My current address is:

_______________________________________________

_______________________________________________

Previous addresses and dates if at current address for less than two years.

_______________________________________________

_______________________________________________

_______________________________________________

_______________________________________________

Credit card information (if applicable).

Please charge the $________ fee to the following credit card:

name on card – _______________________________________________

type – ________________________________________ (Visa, MasterCard, Discover, AMEX)

number – ______________________________________

exp. date – ___________________________________

Yours truly,

Enclosures:
copy of driver’s license, state or military ID
copy of current utility bill, bank statement or insurance statement, etc

TIPS:

  • Never click on any e-mail that says you need to re-enter personal information regarding accounts you have. That would include your bank, credit cards, pay-pal, e-bay etc. ALWAYS enter the institution’s web address in your web browser.
  • Never give any personal information to someone calling you that you do not know who it is. They could say they are from your bank and need to verify who you are. Request that you get their number and call your local branch. Or if a credit card call the customer service number and ask them if what that person is calling for is valid.

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