Credit information is valuable to hackers looking to open accounts in someone else’s name. If you don’t need to access your credit report yourself in the near future, one action you can take to avoid this is a credit freeze. Not everyone is aware that any consumer is allowed to freeze their own credit reports, and potentially their dependents’ credit reports. And it’s now easier than ever, since it recently became free to do, as opposed to incurring a fee.
The process doesn’t take long to do, and is easy to reverse if needed. Any of the major credit bureaus — Equifax, Experian, and Trans Union — must freeze your credit if requested within one business day. Unfreezing your credit if necessary only takes up to an hour, but you’ll need to contact all three major credit bureaus rather than just one.