The Daily Item, Sunbury, PA

Business

January 27, 2014

The Color of Money: Protect credit by freezing it

(Continued)

     Even a credit freeze isn't guaranteed to stop identity theft. As the Federal Trade Commission points out, a credit freeze may not stop misuse of your existing accounts or some other types of identity theft. Criminals, like those in the Target case, can just steal the information for existing accounts and misuse it before you find out. Also, companies that you do business with would still have access to your credit report for some purposes. 

     If you're worried about data breaches, a security freeze may give you some comfort, Hendricks said.

     "The situation with Target is we know the breach was by bad guys," he said. "So if you aren't going to be applying for credit anytime soon, consider getting a security freeze."

   Readers can write to Michelle Singletary c/o The Washington Post, 1150 15th St., N.W., Washington, D.C. 20071. Her email address is michelle.singletary@washpost.com. Follow her on Twitter (@SingletaryM) or Facebook (www.facebook.com/MichelleSingletary). Comments and questions are welcome, but due to the volume of mail, personal responses may not be possible. Please also note comments or questions may be used in a future column, with the writer's name, unless a specific request to do otherwise is indicated.

   

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