Consumers In 37 States Can Freeze Credit Files To Shut Down Identity Theft

Most Americans now have a new tool that provides powerful protection to help stop identity thieves from ruining their credit records. Thirty seven states and the District of Columbia
 have adopted laws in recent years giving consumers the right to put a security freeze on their credit files so crooks can't use stolen information to open fraudulent accounts.

Every day, an average of 27,000 Americans have their identities stolen. In one-third of those cases, crooks use the information to open new accounts in their victim's name. Armed
with just your Social Security number, a thief can open fraudulent accounts and start charging away, leaving you with a damaged credit record, which may take years to repair.

A security freeze gives you the choice to "freeze" or lock access to your credit file against anyone trying to open up a new account or to get new credit in your name. When a security
freeze is in place, an identity thief cannot open a new account in your name because the potential creditor or seller of services will not be able to check your credit. When you are applying
for credit, you can lift the freeze temporarily using a PIN so legitimate applications for credit or services can be processed.

Thirty one states and Washington, D.C., currently make the security freeze choice available to everyone, whether or not he or she has been a victim of identity theft. Six other states currently
limit the protection to identity theft victims. Two of these states have recently passed legislation that will soon expand the protection to all consumers. Most states that offer a security freeze
make it free to identity-theft victims, and some provide it at no charge to seniors.

For those consumers who want the freeze but aren't victims of identity theft, most state security freeze laws allow each of the three major credit bureaus to charge $5 to $10 to initiate the
protection or to lift the freeze. The best state laws keep all fees at $5 or less and allow consumers to temporarily lift or remove the freeze without charge. States with the most user-friendly
laws allow consumers to request this protection by e-mail or by phone, and beginning in September 2008, will require credit bureaus to lift the freeze within 15 minutes of a request.

Security freeze laws that apply to all consumers have been adopted in California, Colorado, Connecticut, Delaware, Florida, Hawaii, Indiana, Illinois, Kentucky, Louisiana, Maine, Maryland,
Minnesota, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, New York, Oklahoma, Pennsylvania, Rhode Island, Tennessee, Utah,
Vermont, Washington, D.C., West Virginia, Wisconsin and Wyoming. Security freeze bills covering all consumers have been passed in Massachusetts and Oregon and await action
by governors in those states.

Arkansas, Kansas, Mississippi, South Dakota, Texas and Washington currently offer identity theft victims the right to a security freeze. Texas has passed legislation that will expand the
 right to all consumers beginning September 1, 2007. Lawmakers in Washington also recently strengthened the state's law so that it will cover all consumers beginning July 1, 2008.

Additional information about security freeze laws, can be found on the Federal Trade Commission's web site at: http://www.ftc.gov/bcp/edu/microsites/idtheft/credit-freeze.html