Freezing Your Credit

By The Trust Company on October 26, 2020

An unfortunate side effect of the Coronavirus pandemic is a sharp increase in consumer fraud. According to the Federal Trade Commission, as of this writing, there have been nearly 225,000 reports of fraud totaling more than $160 million in fraud losses so far this year.

We have heard many reports of identity theft for the purpose of fraudulently obtaining unemployment benefits. Anyone could be exposed to this type of fraud, regardless of employment status or age.

A credit freeze is a simple way to protect yourself from scammers seeking to exploit your credit profile. The Trust Company recommends taking this action to ensure you have full control over your credit and personal information. Credit freezes can be easily completed with all three credit reporting agencies in about 5-10 minutes.

Click here for an easy guide to freezing your credit.

Credit Freeze