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Good news for some of us on credit freezes
Old 05-23-2018, 08:18 AM   #1
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Good news for some of us on credit freezes

New law will make placing and removing credit freezes free in every state. As a California resident I had to pay $10 per agency to unfreeze my credit when I bought my car last year. (0% financing).

I know some states already have laws requiring credit freezes to be free... This covers the rest of us.

https://amp.cnn.com/money/2018/05/22...eze/index.html
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Old 05-23-2018, 08:31 AM   #2
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Quote:
Originally Posted by rodi View Post
New law will make placing and removing credit freezes free in every state. As a California resident I had to pay $10 per agency to unfreeze my credit when I bought my car last year. (0% financing).

I know some states already have laws requiring credit freezes to be free... This covers the rest of us.

https://amp.cnn.com/money/2018/05/22...eze/index.html
Thanks- that IS good news! I froze my credit for all three and now I just pass up new credit card offers because it's too much trouble and expense to un-freeze them. I pay in full every month but there are frequently some good sign-on bonus offers to be had.
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Old 05-23-2018, 08:32 AM   #3
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Good news indeed, thanks for posting. According to the article, the bill still needs to be signed and will take effect in 4 months, but it’s a done deal.
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Old 05-23-2018, 08:37 AM   #4
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Thanks, this is good news. With the wide-ranging damage individuals experience largely due to the inability/unwillingness of companies to protect personal data, and the meager remedies that are available when they are negligent, this seems quite reasonable.
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Old 05-23-2018, 08:49 AM   #5
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Maybe there is a silver lining after all from all the data breaches .
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Old 05-23-2018, 03:38 PM   #6
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Thanks for posting......had not heard anything about this ......but it is very welcome to have both security and also the freedom to unfreeze w/o the cost.
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Old 05-24-2018, 06:57 AM   #7
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I was surprised when I got a new car a couple of months ago to find no charge for the unfreeze. I think Equifax was temporarily waiving the fee due to the breech but DC may have required the others to waive fees as well. Good to see that this will be a permanent requirement nationwide.
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Old 05-24-2018, 07:11 AM   #8
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I wonder how much revenue they were receiving from the freeze/unfreeze transactions?
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Old 05-24-2018, 10:28 AM   #9
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If one is over 65 it's already free.


If that is the only price Equifax pays for its fiasco, they should pop the champagne corks. It's like the rest of us getting a $2 fine for parking all day in a downtown NY No Parking area.
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Old 05-24-2018, 10:28 AM   #10
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Quote:
Originally Posted by rodi View Post
New law will make placing and removing credit freezes free in every state. As a California resident I had to pay $10 per agency to unfreeze my credit when I bought my car last year. (0% financing).

I know some states already have laws requiring credit freezes to be free... This covers the rest of us.

https://amp.cnn.com/money/2018/05/22...eze/index.html
Thank god! We only had to pay I think one of the three each when we put in our freezes, but I wasn’t looking forward to the temporary unfreeze charges.
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Old 05-24-2018, 10:36 AM   #11
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If one is over 65 it's already free.


If that is the only price Equifax pays for its fiasco, they should pop the champagne corks. It's like the rest of us getting a $2 fine for parking all day in a downtown NY No Parking area.
Not AFAIK. In TX the initial charge is free for over 65, but you have to pay for lifts and refreezes.
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Old 05-24-2018, 11:05 AM   #12
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If one is over 65 it's already free.

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Not in Texas yet.
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Old 05-24-2018, 12:09 PM   #13
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If one is over 65 it's already free.
It varies by state, currently. In CA it's free to put the freeze on the first time IF you are over 65 OR the victim of identity theft with a police report to prove it. IF you are under age 65 it's $10/agency.

It varies by agency - but it's typically $10 to lift the credit freeze for a date range if you're under 65. And $2 if you're over 65. So even seniors have to pay to unlock/relock.

https://www.oag.ca.gov/idtheft/facts/freeze-your-credit
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Old 05-24-2018, 08:55 PM   #14
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New law signed by President.......... https://www.cnbc.com/2018/05/23/how-...aboolainternal

now the 4 mo. wait............
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Old 05-25-2018, 06:54 AM   #15
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does anyone know when the new rules take effect? it would be nice to have a date. thanks
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Old 05-25-2018, 07:03 AM   #16
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Quote:
The changes will take effect about four months after the bill is signed.
Congress just made credit freezes free

I understand the bill was signed yesterday.
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Old 05-25-2018, 07:06 AM   #17
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does anyone know when the new rules take effect? it would be nice to have a date. thanks
4 months from last Tuesday.....
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Old 05-25-2018, 07:53 AM   #18
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Now what would be great is if there could be a one-stop website that one could freeze/unfreeze multiple agencies at the same time.
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Old 05-25-2018, 07:59 AM   #19
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Now what would be great is if there could be a one-stop website that one could freeze/unfreeze multiple agencies at the same time.
One-stop shopping for identity thieves.
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Old 05-25-2018, 08:05 AM   #20
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Now what would be great is if there could be a one-stop website that one could freeze/unfreeze multiple agencies at the same time.
What I'd rather have is unrestricted and no-fee access to my credit report.
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