In September 2018 there were few changes regarding security measures by credit reporting companies.
This is an update to my previous article about fraud alert versus credit freeze.
The changes
1. Credit freeze will be performed at no charge.
2. Fraud alert is now placed for 1 year (previously 90 days).
3. You can put a credit freeze for minor children, also free.
By placing credit freeze on a child file it would make sense to check the credit report for fraudulent activity. But per Equifax the credit reporting companies do not knowingly keep credit files on children under 13.
If you have suspicions and you can request it by mail from the reporting agencies.
You can still place credit freeze on a child under 13 without requesting the credit report beforehand.
Minors between the ages of 13 through 17 can order a report through the AnnualCreditReport.com website.
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