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armymanus

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how long is a tempeary credit frezz good for?

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Credit Freeze

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There is a fraud alert and a security freeze.  Just clarifying the difference:

Fraud Alerts are like 'red flags' for anyone looking at your credit file. They signal to credit grantors that you may have been a victim of suspicious activity. Fraud Alerts alert creditors to take extra steps to verify the legitimacy of a request for new credit, extension of credit on an existing account, or issuance of an additional card on an existing account.

3 Main Types of Alerts and Length of Effectiveness:

  • Initial Fraud Alert: 90 days
  • Active Duty Alert: 1 year
  • Extended Fraud Alert: 7 years

Many (but not all) states allow you to place a Security Freeze on your credit file for free or for a reduced fee. A Security Freeze will put your credit file 'on ice' by preventing the information in your Equifax credit file from being reported to third parties, such as credit grantors and other companies. With a Security Freeze, lenders will not be able to gain access to your credit file unless you give permission by "thawing" the frozen file using a secret code, similar to a PIN number. This means that it's unlikely that an identity thief would be able to open a new account in your name. 

Keep in mind that even with a Security Freeze, your credit file will still be disclosed in certain situations. For example, companies that you do business with (such as your mortgage, credit card, or cell phone company) will still have access to your credit report, as would collection agencies that are working for one of those companies. Companies will also still be able to offer you prescreened credit. Those are the credit offers you receive in the mail that you have not applied for. Additionally, in some states, potential employers, insurance companies, landlords, and other non-creditors can still get access to your credit report with a Security Freeze in place

A credit freeze is permanent unless you choose to remove it yourself. In some states, it will only stay in effect for seven years. If you live in one of those states, you can renew the freeze after the seven-year period.

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armymanus

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thank you so much

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armymanus

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.

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