THURSDAY, NOVEMBER 8, 2018
PROPERTY NEWS: Consumers can now freeze their credit for free & Motivates web site BELOW
It hopefully just got a little more difficult for scammers to abuse someones credit information, because consumers can now freeze their credit at all three of the major credit reporting agencies, for free.
Consumers can freeze their credit for free at Equifax, TransUnion, and Experian. A credit freeze prevents lenders or other credit providers from opening a new account without a consumer unfreezing their credit.
As the Federal Trade Commission noted, under the bill, consumers can now freeze and unfreeze their credit for free. The law also allows parents to freeze their childrens credit for free (applies to children under 16), and guardians, conservators, and those with a valid power of attorney can also get a free freeze for their dependents.
Additionally, fraud alerts placed on a consumers credit file will be extended from 90 days to one year. A fraud alert requires businesses that check a consumers credit to get the consumers approval before opening a new account.
According to the FTC, consumers must contact each of the three major credit agencies independently to place a credit freeze on their accounts.
Regardless of whether consumers ask for a freeze online or over the phone, the credit reporting agency is required to freeze the consumers credit within one business day.
Unfreezing must happen even faster. When consumers want their credit unfrozen, if the request is made over the phone or online, the credit bureau is required to take that action within one hour.
If consumers make those requests via snail mail, the credit agency must place or lift the freeze within three business days.
To place a fraud alert, consumers only need to contact one of the three credit bureaus. That agency, regardless of which one it is, is required to contact the other two to communicate the consumers desire to add the fraud alert.
SOURCE: Ben Lane
FREE TIP, SERVICE OR PRODUCT: Motivates web site at http://www.whatishumanresource.com/motivation-process
Motivational Quote of the Week
Success is not final, failure is not fatal. It is the courage to continue that counts
PUMPKIN TALKS PROPERTIES: Watch it here http://youtu.be/qDy9SHtYboI
Thank you for your time.
Mark Bordcosh
1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com POSTED AT 2 AM UTC
It hopefully just got a little more difficult for scammers to abuse someones credit information, because consumers can now freeze their credit at all three of the major credit reporting agencies, for free.
Consumers can freeze their credit for free at Equifax, TransUnion, and Experian. A credit freeze prevents lenders or other credit providers from opening a new account without a consumer unfreezing their credit.
As the Federal Trade Commission noted, under the bill, consumers can now freeze and unfreeze their credit for free. The law also allows parents to freeze their childrens credit for free (applies to children under 16), and guardians, conservators, and those with a valid power of attorney can also get a free freeze for their dependents.
Additionally, fraud alerts placed on a consumers credit file will be extended from 90 days to one year. A fraud alert requires businesses that check a consumers credit to get the consumers approval before opening a new account.
According to the FTC, consumers must contact each of the three major credit agencies independently to place a credit freeze on their accounts.
Regardless of whether consumers ask for a freeze online or over the phone, the credit reporting agency is required to freeze the consumers credit within one business day.
Unfreezing must happen even faster. When consumers want their credit unfrozen, if the request is made over the phone or online, the credit bureau is required to take that action within one hour.
If consumers make those requests via snail mail, the credit agency must place or lift the freeze within three business days.
To place a fraud alert, consumers only need to contact one of the three credit bureaus. That agency, regardless of which one it is, is required to contact the other two to communicate the consumers desire to add the fraud alert.
SOURCE: Ben Lane
FREE TIP, SERVICE OR PRODUCT: Motivates web site at http://www.whatishumanresource.com/motivation-process
Motivational Quote of the Week
Success is not final, failure is not fatal. It is the courage to continue that counts
PUMPKIN TALKS PROPERTIES: Watch it here http://youtu.be/qDy9SHtYboI
Thank you for your time.
Mark Bordcosh
1281Solutions
http://1281homes.com/
http://1281solutions.com/
Toll Free Phone: 1-800-642-9949
Toll free Fax: 1-866-611-7634
E-mail: mark@1281solutions.com POSTED AT 2 AM UTC
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