New Jersey Credit Freeze Laws Take A Stand Against Identity Theft

It's no gardener's paradise to get "hit" by identityBusiness"? What the Bad Guys do is exploit this
theft or to find out a month after the fact thatbusiness model, by inserting themselves into the
some criminal has learned about your accounts, gone"demand" side of these businesses...using your name
on a spending spree, leaving you with the bills to pay!or other credit details to apply in your name for a
"No more!" say the Garden State legislators, joiningnew credit card.Normally, as in 80% or more of the
states such as California, Connecticut and Louisiana incases, the fraudsters get away with it. Result? A
an upgrade of consumer protection laws to reducenew credit card is issued to them, in your name...they
abusive credit card fraud and identity theft.Whatgo on a spending binge until the credit max is met...30
Credit Freeze Laws Deliver To Garden Staters. Whiledays later along the normal billing cycle you suddenly
Tony Soprano might get away with "whacking" otheropen your mail and discover a new card with literally
bad guys, New Jersey residents expect a better dealthousands of dollars of purchases! "What's this? I
and definitely seek ways to minimize identity theft,never bought this stuff!"...and then the penny
credit card fraud, corruption of bank and checkingdrops...you've been ripped off. Credit card fraud,
accounts. This is where a credit freeze law creates aidentity theft, the whole 9 yards and you're now
key control-tool for residents. How credit freezefacing a huge problem to clean up your credit history,
works is that New Jersey residents formally notify inremove these fraudulent charges, and more.What
writing the three major front line creditNew Jersey Resident Need To Do. The first thing to
bureaus...TransUnion, Experian and Equifax...plus add ado is "wake-up" to the real and growing risk of
$10 fee and designate that no credit report requestidentity theft and credit card fraud. Literally 10s of
can be acted upon without the account holder'sbillions of dollars of fraud related to identity theft
permission.How Does The New Jersey Credit Freezeoccur each year. Realistically, 80% to 90% of credit
Law Stop Bad Guys & Good Guys? Remarkably, thecard fraud occurs unnoticed by consumers, until it's
Bad Guys who seek to defraud you, get most oftoo late. Meanwhile the Bad Guys disappear, their
their support for access to your files and creditpockets filled with gear that they've stolen, using
history from the alleged Good Guys, namely theyour name and credit.Garden State residents need to
credit bureaus and the hundreds of firms offeringformally advise in writing each credit bureau to place
credit privileges. Why? To be clear, there's no directan immediate permanent credit freeze on their credit
collusion or relationship between fraudsters andhistory reports, plus add a $10 to $12 fee per bureau.
legitimate businesses. However, the indirect side ofOnce in place, your credit freeze means that the
the situation is where the intersection between goodbureau can no longer sell or provide any of your
and evil occurs. Here's the rub. The credit bureaus,personal data to any party, nor can any new credit
maintaining millions of credit history file records arerequest or new credit be issued unless you personally
seriously motivated to do what...? You got it...to sellapprove and you pay a $12 release fee to transfer
for a fee your credit history report to credit cardyour credit history report to a specific firm.New
companies, merchants, gasoline companies,Jersey credit freeze laws are all about increased
department stores, hardware and building stores plusconsumer protection and a push back against identity
the raft of merchants seeking to uncover newtheft and credit card fraud.
customers.How Do The Bad Guys Exploit "Regular