![]() As long as you report the loss of the card within 24 hours or notify the lender of unauthorized purchases, other laws limit your liability to no more than $50.Ī security freeze on your credit file will not prevent fraud that involves existing bank or credit accounts.Ī security freeze on your credit file does not completely block access. Insurance companies, existing creditors and law enforcement agencies can still access your information. ![]() Identity thieves may steal your card number, expiration date and other information needed to use the card. Without access to your credit history, the lender will deny the credit request.Ī credit freeze does not affect your ability to use the credit cards you already possess. Should anyone apply for credit using your personal information, the lender will be unable to access your credit report. For other Georgia residents, it costs $3 per credit reporting agency, or you can freeze your credit file with all three credit reporting agencies for a one-time fee of $9, which is much less than the monthly cost of most credit monitoring services.įreezing your credit file prevents anyone from opening new credit accounts in your name. Whether your information was compromised or not as part of this data breach, a credit freeze may be a good idea, but you have to obtain a freeze from each of the three credit reporting agencies: Experian, Equifax and TransUnion.Ī credit freeze is free for senior citizens 65 and older and for victims of identity theft. The recent data breach at Equifax compromised the personal information of millions of consumers.
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