Hi Credit Drama: Check this link out regarding a security freeze. According to a security website, they are saying that the freeze is better than the fraud alert!
I found this also interesting and for our information:
§ 20.038. Exemption From Security Freeze
A security freeze does not apply to a consumer report provided to:
(1) a state or local governmental entity, including a law enforcement agency or court or private collection agency, if the entity, agency, or court is acting under a court order, warrant, subpoena, or administrative subpoena;
(2) a child support agency as defined by Section 101.004, Family Code, acting to investigate or collect child support payments or acting under Title IV-D of the Social Security Act (42 U.S.C. Section 651 et seq.);
(3) the Health and Human Services Commission acting under Section 531.102, Government Code;
(4) the comptroller acting to investigate or collect delinquent sales or franchise taxes;
(5) a tax assessor-collector acting to investigate or collect delinquent ad valorem taxes;
(6) a person for the purposes of prescreening as provided by the Fair Credit Reporting Act (15 U.S.C. Section 1681 et seq.), as amended;
(7) a person with whom the consumer has an account or contract or to whom the consumer has issued a negotiable instrument, or the person's subsidiary, affiliate, agent, assignee, prospective assignee, or private collection agency, for purposes related to that account, contract, or instrument;
(8) a subsidiary, affiliate, agent, assignee, or prospective assignee of a person to whom access has been granted under Section 20.037(b);
(9) a person who administers a credit file monitoring subscription service to which the consumer has subscribed;
(10) a person for the purpose of providing a consumer with a copy of the consumer's report on the consumer's request;
(11) a check service or fraud prevention service company that issues consumer reports:
(A) to prevent or investigate fraud; or
(B) for purposes of approving or processing negotiable instruments, electronic funds transfers, or similar methods of payment;
(12) a deposit account information service company that issues consumer reports related to account closures caused by fraud, substantial overdrafts, automated teller machine abuses, or similar negative information regarding a consumer to an inquiring financial institution for use by the financial institution only in reviewing a consumer request for a deposit account with that institution; or
(13) a consumer reporting agency that:
(A) acts only to resell credit information by assembling and merging information contained in a database of another consumer reporting agency or multiple consumer reporting agencies; and
(B) does not maintain a permanent database of credit information from which new consumer reports are produced.
§ 20.0385. Applicability of Security Alert and Security Freeze
(A) The requirement under this chapter to place a security alert or security freeze on a consumer file does not apply to:
(1) a check service or fraud prevention service company that issues consumer reports:
(A) to prevent or investigate fraud; or
(B) for purposes of approving or processing negotiable instruments, electronic funds transfers, or similar methods of payment; or
(2) a deposit account information service company that issues consumer reports related to account closures caused by fraud, substantial overdrafts, automated teller machine abuses, or similar negative information regarding a consumer to an inquiring financial institution for use by the financial institution only in reviewing a consumer request for a deposit account with that institution.
(B) THE REQUIREMENT UNDER THIS CHAPTER TO PLACE A SECURITY FREEZE ON A CONSUMER FILE DOES NOT APPLY TO A CONSUMER REPORTING AGENCY THAT:
(1) ACTS ONLY TO RESELL CREDIT INFORMATION BY ASSEMBLING AND MERGING INFORMATION CONTAINED IN A DATABASE OF ANOTHER CONSUMER REPORTING AGENCY OR MULTIPLE CONSUMER REPORTING AGENCIES; AND
(2) DOES NOT MAINTAIN A PERMANENT DATABASE OF CREDIT INFORMATION FROM WHICH NEW CONSUMER REPORTS ARE PRODUCED.
(C) NOTWITHSTANDING SECTION 20.12, A VIOLATION OF A REQUIREMENT UNDER THIS CHAPTER TO PLACE, TEMPORARILY LIFT, OR REMOVE A SECURITY FREEZE ON A CONSUMER FILE IS NOT A FALSE, MISLEADING, OR DECEPTIVE ACT OR PRACTICE UNDER SUBCHAPTER E, CHAPTER 17
Message Edited by teamfico on
01-21-2008 03:14 PMMessage Edited by teamfico on
01-21-2008 03:14 PM
10/01/2017 myFico EQ-778 TU-793 EX-781
11/01/2017 myFico EX-799, Barclays 11-4 Reported: EQ-796 TU-826 EX-799
Starting Score: 469