Contact The Credit Bureau In A Financial Emergency

Contacting the credit bureaus can be disconcerting in a financial emergency because having good credit is important for most all financial matters. If you have bad credit, it is very difficult to turn that credit around and you will ineligible for loans and lower interest rates or ineligible for employment. If you have good credit you will do anything you can in order to keep it in good shape. All discrepancies on your credit report can be frustrating situations because no one wants to deal with the dispute credit bureau because it can waste valuable time needed for other things.

Identity Theft and Credit Freezes

One common reason to contact a dispute credit bureau is in the case of potential identity theft. That is when a security freeze credit bureaus can freeze your credit report to prevent potential thieves from accessing your account or opening any new accounts in your name.

Credit bureaus are equipped to help you in a frightening time. Security Freeze Credit Bureaus are now available nationwide and are even required in 47 of the 50 states. There are three states that do not have credit freeze laws in place, Michigan, Missouri, and Alabama, are all currently working on such laws in order to protect their citizens. All three major credit reporting agencies, TransUnion, Equifax, and Experian offer voluntary freeze options upon the request of consumers.

How to Remove a Credit Freeze

In the event that you do ask for a credit freeze through one or more of the major credit reporting agencies you can ask for a temporary lifting of the freeze in order to open a new account. All it takes is a PIN number that you set up with the credit reporting agencies when you set up the freeze.

There are many other reasons for needing a credit freeze when contacting a dispute credit bureau. If you think you have had stolen mail, specifically bank materials, you can request a credit freeze. The same is true if you get a security breach notice from your bank or credit card company.

The best defense against fraudulent activity, however, is to avoid a situation where you need a freeze. To avoid mail theft, enroll in paperless statements so banks and credit card companies can contact you electronically. It is also wise to invest in a good paper shredder in order to completely shred any sensitive documents that are mailed to your home, such as credit card offers.