The State: State Law Lets Consumers Freeze Credit
New State Statute Makes a Protection Against Identity Theft Free of Charge
From today’s The State:
South Carolina consumers who think they are at risk of identity theft can now place a free security freeze on their credit report.
A new state law that goes into effect today requires all three major consumer reporting agencies — Equifax, Experian and TransUnion — to allow South Carolina residents free of charge to stop potential creditors from viewing their reports, according to AARP South Carolina. Consumers also can temporarily lift the freeze or remove it completely at no cost.
Retailers who either issue credit directly or partner with third parties to issue credit should be advised of this provision in the law.
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