When I first began covering credit freezes, I was shocked that the bureaus would not let me freeze my child’s credit, widely believed to be the single best tool to prevent financial ID theft.
By now, most people know that their social security number is the key to their identity, so they need to be very judicious about who they share it with. So imagine my surprise when I discovered that the credit bureaus required me to give my number to an unidentified foreign call center rep.
One in five consumers had an error in a credit report issued by a major agency, according to a government study released Monday.
A mistake on your credit report can be costly. And experts say the best way to fix an error it by contacting the credit reporting agencies directly and informing them of the mistake – They’re required by law investigate within 30 days.