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Revisions the Fair Credit Reporting Act Summary of Your Rights

You have a right to place a “security freeze” on your credit report prohibiting consumer reporting agencies from releasing info without authorization.
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Revisions the Fair Credit Reporting Act Summary of Your Rights

ARTICLE BY: alliance2020

As of September 21st, 2018, any organization that runs a consumer report on an individual through a consumer reporting agency, must use the updated FCRA Summary of Your Rights, which has added verbiage pertaining to the freezing of a consumer’s credit report. This verbiage is listed below as follows, with the contact information for each credit bureau also listed:

Consumers Have the Right To Obtain a Security Freeze

You have a right to place a “security freeze” on your credit report, which will prohibit a consumer reporting agency from releasing information in your credit report without your express authorization.

The security freeze is designed to prevent credit, loans, and services from being approved in your name without your consent.  However, you should be aware that using a security freeze to take control over who gets access to the personal and financial information in your credit report may delay, interfere with, or prohibit the timely approval of any subsequent request or application you make regarding a new loan, credit, mortgage, or any other account involving the extension of credit.

As an alternative to a security freeze, you have the right to place an initial or extended fraud alert on your credit file at no cost.  An initial fraud alert is a 1-year alert that is placed on a consumer’s credit file.  Upon seeing a fraud alert display on a consumer’s credit file, a business is required to take steps to verify the consumer’s identity before extending new credit.  If you are a victim of identity theft, you are entitled to an extended fraud alert, which is a fraud alert lasting 7 years.

A security freeze does not apply to a person or entity, or its affiliates, or collection agencies acting on behalf of the person or entity, with which you have an existing account that requests information in your credit report for the purposes of reviewing or collecting the account.  Reviewing the account includes activities related to account maintenance, monitoring, credit line increases, and account upgrades and enhancements.

Experian call 888-397-3742 or www.experian.com/freeze
Trans Union call 888-909-8872
Equifax To place a freeze 800-525-6285
To Temporarily lift a freeze -888-298-0045
To Permanently lift a freeze- must be done in writing

Alliance 2020, Inc.
Corporate Headquarters
304 Main Ave S, Ste 101
Renton WA 98057

Mailing: PO Box 4248
Renton WA 98057

425-271-8065
sales@alliance2020.com

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