In the time since the massive Equifax data breach many consumers have frozen their credit reports at Equifax, Experian and TransUnion, which is the single best thing you can do to protect yourself from identity theft. Recently, as a part of a banking deregulation law recently passed by Congress you will be able to freeze your credit for free. Until now, the charges varied from state to state. The new federal law allowing you to freeze and unfreeze your credit reports for free goes into effect in late September. I will remind you again as the effective date of the law approaches although frankly, the cost of initially putting a credit freeze on your credit reports is small enough such that you should consider doing so before then.
For more information about credit freezes check out this article I wrote for the Saturday Evening Post which described credit freezes in detail.
However, many people are not aware of the National Consumer Telecommunications and Utilities Exchange (NCTUE) which is the credit reporting agency used by the major phone service companies. More and more scammers are able to open cell phone accounts in the names of their unwary victims who may have actually frozen their credit with Equifax, Experian and TransUnion, but not with NCTUE. As for NCTUE, which is actually operated by Equifax, you can freeze your credit report with NCTUE over the phone at 866-349-5355. People trying to freeze their credit report with NCTUE online have experienced difficulties doing so, but it is a relatively simple process to do over the phone.
To get started freezing your credit with Equifax, Experian and TransUnion it’s best to first understand the laws and fees governing credit freezes in your state. Here is a link to a listing of the all of the state laws.
To get the maximum protection from identity theft, it is important to freeze your credit at each of the three major credit reporting agencies. Here are links to each of them with instructions about how to get a credit freeze:
Once you have frozen your credit, be sure to keep the PIN and information on how to unfreeze your credit report in a safe place.
And don’t forget to freeze your credit report at NCTUE by phone at 866-349-5355.
If you are not a subscriber to and would like to receive daily emails with the Scam of the day, all you need to do is to go to the bottom of the initial page of and click on the tab that states “Sign up for this blog.”