August 31, 2009
Posted: 06:00 AM ET
HELP ME CLARK!
Ryan, if I ever knew somebody who was made-to-order for doing a credit freeze, you are the one.
With a credit freeze, all this information in the hands of your relative does them no good to open accounts in your name.
What you do is, you put in to place a freeze with Equifax, Transunion and Experian and once you have those freezes in place, and depending on the state and your situation, it's from zero dollars to ten dollars to put a credit freeze in place.
Once you put those in place you don't have to worry anymore, because each bureau assigns you a secret code that's even different for each bureau.
So if this relative you don't trust goes to open a new credit card or whatever, and they don't know your secret code they're shut down cold.
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Clark Howard helps you become a wise consumer. We know you're busy, and that's why Clark's tips are quick and effective. He'll arm you with the information you need to make smart choices. During these tough economic times, Clark wants to help you save more, spend less and avoid getting ripped off!