New Law Provides Free Security Freeze

Free Security Freeze...

New Law Provides Free Security Freeze to help protect your identity.

The new security freeze law which will take effect September 21, 2018, establishes a new federal right for consumers to implement a security freeze of their credit file.  The freezes are free of charge.

A security freeze is the single most effective tool to minimize the risk of identity theft. Identity thieves often target unsuspecting older adults, luring them into giving out personal information. The scammers then use this information to steal the older adults’ identity and ruin a lifetime of positive credit. 

As a general rule, security freezes allow a consumer to prohibit the release of their credit report. When a thief applies for credit in the victim’s name, often the intended creditor will attempt to obtain the victim’s credit report or score. The idea behind a security freeze is that, when the credit reporting agency returns no information or a notice that the consumer has frozen the file, the creditor will deny the thief’s application, thereby thwarting the thief and protecting the consumer’s credit reputation as well as the business interests of the creditor.

Learn more about this new law here.   Being a firm that focuses on Elder Law, allows us to assist you and your family through the pitfalls and areas of uncertainty many families often face when a spouse, parent or loved one needs care.  Let us help equip you with the knowledge needed to navigate this tricky area.  Take advantage of our free initial consultation.  Call the Koler Law Office today at (260) 449-9621.