There may be a new tool for victims of identity theft and those concerned about TOO MUCH private information available to TOO MANY sources! Cyber space has gone wild! Now, most anything about you can be 'slithered away' by use of the internet. Problems with UNFORESEEN easy access to individual information exploded! Some thought their 'tiny' information 'safe' and that LOGICALLY much LARGER victims would be the likely target of those seeking private information...not SO! In America's current BAD economy, some employers are 'picking and choosing' by looking up personal information! Some do credit checks on job hopefuls! You might think this 'only reasonable' in 'high end jobs,' but what about TACO BELL? Yes, you guessed it; some small businesses are taking the time TO LOOK YOU UP! And do NOT forget the solicitors that BUY your private information from OTHER LENDERS to sell you SOMETHING! We are told over and over to NOT give out private information, such as our social security number, while even 'small potatoes' can get in five minutes TOPS! Using Credit Immobilization would put at least SOME control BACK into 'safe hands.'
Kinks and Fees are Holding Up the Process
How does a credit immobilizer work? At this 'time' a handful of states have either passed a 'beginning' law or are considering it. California has a law already in effect, but it can only be utilized by those who are victims ALREADY of identity theft. Working out the 'kinks' is the next step toward seeing a plunge forward for credit immobilization. As it stands now, a consumer would have to write a certified letter to ALL credit bureaus and have a 'freeze' placed on ANYONE'S ability to obtain credit information. There are fees ranging up to $10 for this. Then you are issued a personal identification number or PIN number that would allow you and YOU ONLY to again 'MOBILIZE' access to your information. There would be a small fee of about $8 for EACH time 'you' authorized the un-freezing of your information. So the process of 'freezing' and 'unfreezing' your information to obtain credit or employment is now (in states that have passed it) DIFFICULT and time consuming.
For people who need access to credit 'quickly' it creates 'hard' roadblocks, but to those concerned with privacy issues it's a miracle waiting to happen! A credit immobilizer may be tomorrow's 'glimmer' of hope to those who are 'overwhelmed' with the power of their own information 'taken out of their own hands' and who FEAR how their information may be used in the future!