Moneyanatomy - personal finance blog

Thursday, April 11, 2024

Credit freeze is needed more than ever



Multiple companies are getting hacked daily (link to the table 2004-2024 breaches in Wikipedia). 

Just the recent AT&T breach - we are not current customers, but per reports, even the data of previous/old customers was taken. 

It is getting too much. 

Last week, instead just keeping fraud alerts, we changed the status to FREEZE at all three credit agencies (Experian, Equifax and Transunion). 

To keep a freeze is free and it doesn't need to be renewed yearly like the fraud alert. 

Also with a fraud alert it is still possible for some one else to open a new account in your name, but the freeze has to be temporarily lifted for a bank to be able to check the credit score to open a new account. 

Since we don't plan to open any new bank accounts or credit cards, it is best for us  to keep the freeze. 

The links to official credit agencies sites are below:

Transunion

Equifax

Experian


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