New York Gets Credit Freeze
An important new law takes place today for
residents of the state of New York. For the
first time, New Yorkers can "freeze" their
credit reports to unauthorized access.
This law means that an identity thief can
not take advantage of the readily available
"instant" credit to quickly defraud you.
New York, however, joins a short list of
other states which have credit freeze laws
either on the books or have already enacted.
Only slightly less than half of the 50 states
within America have enacted credit freeze
Fortunately for New Yorkers now there is a
very effective deterrent to identity theft
and even better still its free to first time
And, a credit freeze does not lower your
credit score which is used by lenders to
determine how much and what loan rates
you qualify for.
Plus, you can always temporarily "lift"
the credit freeze for specific lenders
you might be needing to apply for a loan
Either way, the credit freeze is a great
new option for you to control your credit
So, our tip for today is to run (don't walk)
to your nearest phone and contact any of the
three major credit bureaus to place a credit
freeze on your file.
Also, make sure you tell any friends or associates
of this important new development.