Last month the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act. Tucked inside this legislation mostly aimed at loosening banking restrictions was an important win for consumers. The law states that people throughout the country soon can put a credit freeze on file with the three credit reporting bureaus for absolutely free. Just as important, you will also be able to thaw your credit freeze temporarily or permanently, also for free.
Identity protection services can be pricey and lead you to a false sense of security. Fortunately, you can protect your credit on your own by contacting TransUnion, Experian, and Equifax to put a credit freeze on your account.