Legislative Bill 177, which Gov. Dave Heineman signed last week, reduces the cost for residents to lock up their personal financial data by putting security freezes on their credit information.
Security freezes require credit bureaus to seek permission before releasing a consumer's credit reports, with certain exceptions. That way, consumers know if someone was trying to use their name to open a credit card account or line of credit.
Under LB 177, the cost of getting a security freeze will be $3 per credit reporting agency, down from $15 per agency. The change will take effect 90 days after the Legislature adjourns, or in early September.
LB 177 also eliminates an automatic seven-year expiration for freezes, leaving the decision up to the consumer about when to lift or cancel a freeze.
My only concern for Nebraskans is that they don't relax because of the freeze. There is still plenty of id theft that doesn't involve their credit files, such as medical and character id theft.
To learn more about Identity Theft and what to do if you are a victim, visit www.StopIdTheftCrime.com and subscribe to the newsletter to obtain your free 46 page eBook "Fighting Back Against Identity Theft".
Remember, estimates are that every 2-4 seconds an Identity is compromised. Why take chances? Why not protect yourself and your loved ones with the best suite of services provided (including restoration) by the best NYSE company in the field? Educate yourself and visit the shameless plug below or call me at (909) 208-3728!
Shameless plug
the Best Identity Theft Protection available dot com
Thursday, April 16, 2009
Subscribe to:
Posts (Atom)
Posts
