For Immediate Release
OFFICE OF ATTORNEY GENERAL
LAWRENCE G. WASDEN
Media Contact: Bob Cooper
IDAHO DEPARTMENT OF FINANCE
GAVIN M. GEE, DIRECTOR
Media Contact: Mike Larsen
Date: April 30, 2008
Idaho's New Credit Freeze Legislation
The Credit Report Protection Act
Financial Literacy Month Tip of the Week
Starting July 1, 2008 – Idaho will join about 40 other states that allow residents to place a freeze on their credit reports. “There is no magic formula that will protect Idaho residents from identity theft,” states Idaho Department of Finance Director Gavin Gee. “However, a credit freeze is an indispensable element of any state’s identity theft-fighting strategy.” The underlying goal of Idaho’s new credit freeze law is to give Idahoans a viable tool to protect themselves against financial and other fraud.
"Identity theft is a great concern for Idahoans," Attorney General Lawrence Wasden said. "Idaho's new credit freeze law will provide Idahoans with another valuable tool to combat this problem. I am pleased to provide our citizens with this very important information to assist them in avoiding becoming victims of identity theft."
With the goal of providing sound educational information to Idaho consumers the Idaho Attorney General’s Office and the Idaho Department of Finance offer the following information regarding Idaho’s NEW Credit Report Protection Act.
What Idahoans must know under the new law
Equifax Security Freeze
P.O. Box 105788
Atlanta, Georgia 30348
Experian Security Freeze
P.O. Box 9554
Allen, Texas 75013
TransUnion Security Freeze
P.O. Box 6790
Fullerton, California 92834
Currently, each of the three major credit reporting agencies (Equifax, Experian and TransUnion) offers consumers the ability to place a credit “freeze” on their credit reports, pursuant to their own programs. A credit freeze is free to identity theft victims who have filed a police report of identity theft. If you are not an identity theft victim, it will cost you $10 to place a freeze with each credit bureau, until the new law goes into effect on July 1, 2008.
For more information about Idaho’s new law, as well as current freeze options offered by each of the three main credit reporting agencies, visit the Idaho Attorney General’s website or the Department of Finance’s website.
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