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Old 08-01-2016, 12:01 PM   #21
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Why can't people w*rk for a living like the rest of us?
You're making a huge and unwarranted assumption there, at least on this site.
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Old 08-01-2016, 12:27 PM   #22
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You're making a huge and unwarranted assumption there, at least on this site.
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Old 08-01-2016, 01:06 PM   #23
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It sucks having to pay $10 each time to unlock.

Had to unlock two bureaus for a new Chase Explorer card.
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Old 08-01-2016, 01:20 PM   #24
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It sucks having to pay $10 each time to unlock.

Had to unlock two bureaus for a new Chase Explorer card.
My initial thoughts too, but on further reflection it is a small price to pay to allow me to sleep at night and not worry about the latest ID Theft scare.
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Old 08-01-2016, 01:58 PM   #25
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I can tell you it works as I tested it a couple of months ago. I had an offer for 80,000 IHG hotel points if I opened a new CC and spent $1,000 in three months. Even though I had 200,000+ points with IGH, I decided to test the security freeze process.

What I did was apply online for that CC and wait to see what happened. The app would not approve the card online as they sometimes do.

Within two days, I received a written letter from Chase Bank asking me to provide them a temporary PIN to check my credit at Experian. I called Experian and they provided the PIN for Chase to use. Chase was issuing the CC.

It all worked fine, but as far as I can tell, only with one credit agency. I'm not sure of any other way to test with all three.
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Also note that if you DO want to unfreeze, ask the business who is checking you out who they will use. In the one case I unlocked they told me and that meant only one un-lock, IIRC I just unlocked it for 7 days and forgot about it.
I recently got a high point bonus card and they told me they check all three so I unfroze them. Next time (if there is one) I will try ajaa888's approach and let the CC company tell me which ONE to use a code with to release one report. If they want more they can pound sand.
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Old 08-01-2016, 02:01 PM   #26
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Try Credit Karma. Its free and alerted me to two attempts to open credit cards in my name.
I just opened a Fidelity/Elan card in response to a targeted mailing (and all the discussion of the card's virtues on this site). Within two minutes, I had e-mail alerts about the inquiry from Credit Karma and Credit Sesame. Elan used TransUnion, and the inquiry dropped the TransUnion Vantage score 5 points per both services.
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Old 08-01-2016, 05:36 PM   #27
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I've done several credit card apps and they have told me which credit bureau they need to check. Each time I was able to get a one time use PIN to allow the credit card company to check my credit score. I would get the PIN and call the number they provide and they run it while you wait. No charge to get the PIN.

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Old 08-01-2016, 06:35 PM   #28
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so these aren't online applications then?
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Old 08-01-2016, 06:50 PM   #29
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Originally Posted by Big_Hitter View Post
you get alerts (like I did) when someone tries to open a credit card in your name, you get alerts when someone uses your credit card, you get alerts when you have an account balance that increases or decreases by a significant percentage, you get alerts when.....

it's just $20 a month - live a little
Its not that 20 bucks is the big deal. I just dont see any value.
I believe im covered against losses if current cards are misused.
Ive had some errant charges reversed based on these guarantees.
Ive also been called by a charge card to approve charges they found questionable.
I can and do see account status at least 2x a month online and via statements.
So i just dont see any value in a reporting service.
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Old 08-01-2016, 07:04 PM   #30
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so these aren't online applications then?
The applications start online, but because their credit files are frozen, they have to be completed over the phone. No more "instant credit approval".
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Old 08-01-2016, 08:10 PM   #31
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Paid for Equifax coverage for a while after my purse was stolen 2 years ago. It seemed to me I was notified a few days after a questionable charge on a CC. I monitored my account on their website on a regular basis, I wasn't impressed.
I check our accounts several times each week. Our NFCU card texts me if they see a questionable charge. Same with our USAA Visa.


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Old 08-01-2016, 09:07 PM   #32
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so these aren't online applications then?
Yes, they are online but will not get instantly approved. They send you a letter with instructions on which agency to get a PIN from and what number to call when you get it.

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Old 08-02-2016, 05:06 AM   #33
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Paid for Equifax coverage for a while after my purse was stolen 2 years ago. It seemed to me I was notified a few days after a questionable charge on a CC. I monitored my account on their website on a regular basis, I wasn't impressed.
I check our accounts several times each week. Our NFCU card texts me if they see a questionable charge. Same with our USAA Visa.


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I don't quite understand. It is a one time charge ($10) to freeze your credit on Equifax not something that you pay for awhile as if it were a monthly payment. If you unfreeze and freeze again then there is a charge for each time. If you are a senior it is free. At least that is what it has been for me on all 3 credit bureaus.
Also it is to prevent someone from taking out new credit (as in a new credit card) in your name not to prevent someone from using your established credit card.

Cheers!
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Old 08-02-2016, 05:19 AM   #34
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I don't quite understand. It is a one time charge ($10) to freeze your credit on Equifax not something that you pay for awhile as if it were a monthly payment. If you unfreeze and freeze again then there is a charge for each time. If you are a senior it is free. At least that is what it has been for me on all 3 credit bureaus.
Also it is to prevent someone from taking out new credit (as in a new credit card) in your name not to prevent someone from using your established credit card.

Cheers!
I was surprised when I recently unfroze my credit for a couple of weeks that there was no charge. I vaguely remember being charged when I did it about ten years ago. It may be that I am over 65 now. I had never heard it was free after that. And, agreed, a freeze is to prevent the worst sort of identity theft where bad guys open new lines of credit in your name and run up huge bills leaving you to prove you are not responsible. I get purchase alerts from a couple of CC companies but I am not particularly worried about instant notice when someone gets my number. I am held harmless and just need to wait a couple of days for a new card. I don't see much value in a monitoring service unless you can't freeze your credit for some reason although I have a hard time imagining circumstances where $20/mth makes more sense than a simple freeze.
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Old 08-02-2016, 06:27 AM   #35
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+1
Its not the 20-30 bucks its that the service provides no value
Im already coveted if current accounts are misused
Ive repported some errant chsrges and had them removed based on these guarantees
Ive had card companies call me to check on questionable transactions
I see account status at least 2x per month online and via statements

What does monitoring do for me?
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Old 08-02-2016, 07:08 AM   #36
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Does anyone have a check (other than applying for new credit) that can be performed that will confirm if Security Freezes are in effect at the various credit bureaus.

This would be a useful check to perform on a somewhat regular basis.

-gauss
To partially answer my own question, I can report the following:

I pulled my annual free credit report from Experian. On the report I found the following: "FILE FROZEN DUE TO STATE LEGISLATION."

I am not sure if this type of things shows up on all 3 credit bureaus or if it always shows up if a freeze is in effect at Experian, but it does give me a nice warm fuzzy feeling for now.

-gauss
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Old 08-02-2016, 09:03 AM   #37
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To partially answer my own question, I can report the following:

I pulled my annual free credit report from Experian. On the report I found the following: "FILE FROZEN DUE TO STATE LEGISLATION."

I am not sure if this type of things shows up on all 3 credit bureaus or if it always shows up if a freeze is in effect at Experian, but it does give me a nice warm fuzzy feeling for now.

-gauss
I just got mine but selected Equifax -- same statement.
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Old 08-02-2016, 09:26 AM   #38
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Just FYI the charge is not uniform by state. Locking and unlocking used to be at no cost in NC but according to this site

Details of credit freeze laws in all 50 states

that was changed in 2005. I'm almost certain I lifted mine after that at no charge.
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Old 08-02-2016, 09:27 AM   #39
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Originally Posted by Big_Hitter View Post
you get alerts (like I did) when someone tries to open a credit card in your name, you get alerts when someone uses your credit card, you get alerts when you have an account balance that increases or decreases by a significant percentage, you get alerts when.....

it's just $20 a month - live a little
+2
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Old 08-02-2016, 09:28 AM   #40
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Originally Posted by H2ODude View Post
Just FYI the charge is not uniform by state. Locking and unlocking used to be at no cost in NC but according to this site

Details of credit freeze laws in all 50 states

that was changed in 2005. I'm almost certain I lifted mine after that at no charge.
Thanks. That explains DC - it isn't that I am a senior, no one pays a charge.
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