Source: The Points Guy
Summary
The author, a victim of airline profile hacking and points and credit card account information theft, decided to freeze their credit to protect themselves from further fraud. A credit freeze prevents lenders from pulling credit reports to open new lines of credit, and can be set up for free with the three major credit companies: Equifax, Experian, and TransUnion. The author notes that freezing credit does not affect credit scores and can provide peace of mind against identity theft and credit card fraud.
Our Reading
The escape is carefully planned.
Credit freezes are like a temporary shield against fraud, but they don’t prevent existing fraudulent accounts from being used. Freezing credit is like putting a lock on your credit report, but it can be temporarily lifted for legitimate purposes. The author’s experience with hacking and theft led them to take this extra step to protect their information. Freezing credit is not a foolproof method, but it can reduce the risk of identity theft and credit card fraud.
And yet, it’s ironic that we need to take extra steps to protect ourselves from fraud, when we’re already bombarded with security measures like two-step authentication.
Author: Evan Null
