TUCKER LAW - Expert Iowa Attorneys
  • Home
  • Workers Compensation
    • Brain Injury
    • Disability and Death
    • Manufacturing Injury
    • Neck and Back Injury
    • On the Job Injury
    • Repetitive Motion Injury
    • Temporary Disabilty Benefits
    • Temporary Workers' Claims
    • Trucking Accidents
  • Personal Injury
    • Car and Truck Accidents
    • Premises Liability
    • Product Liability
    • Toxic Torts
    • Wrongful Death
  • About Us
    • Robert E Tucker
    • Erin M Tucker
    • Reviews
Picture

Iowa's new credit freeze law

8/17/2018

0 Comments

 
By Rob Tucker with Iowa ID Theft Victim Assistance Coalition
Picture
Iowa Identity Theft Victim Assistance Coalition is urging Iowans to consider using a new state law that was effective July 1, 2018 that permits consumers to 'freeze' their credit reports at no cost. 

Before this new law, Iowans had to pay each of the three major credit reporting agencies $10 to freeze their credit reports and another $12 to temporarily suspend the freeze if they wished to apply for credit, for a total of $66.00. 

Iowa’s law also permitted companies to each charge up to $10 for permanently removing a credit freeze. The new law does away with all those fees and permits any Iowan to place, suspend or remove a credit freeze at no charge.

Often called a credit security freeze, the effect is to bar new creditors from seeing your credit report and credit score. Consumers may want to freeze their credit reports for several reasons, including to prevent someone else from applying for credit cards or loans in their names. Placing a credit freeze also helps prevent others from using a consumer’s name to apply for a job or rent a home or apartment.

The core purpose of placing a credit freeze is to prevent identity theft. Before this new law, a person had to become a victim of identity theft to freeze your credit at no charge. Iowa’s new law is similar to a new federal law that will become effective later this year. 

However freezing your credit doesn’t prevent all forms of identity fraud.  

Even if a credit freeze is in place, scam artists may still try to make charges on your existing accounts so it’s still important to check your credit card bills closely every month. Freezing your credit also doesn’t stop credit card offers from coming in the mail.  

Consumers who freeze their credit reports, but later wish to apply for credit will have to contact the credit reporting agencies in order to lift the credit freezes which is also now free to consumers.


0 Comments

Your comment will be posted after it is approved.


Leave a Reply.

    Search 

    Archives

    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017

    Categories

    All
    Memorial Day
    Rotary Club
    Shoulder Injury
    Workers Compensation

    RSS Feed

    Note:

    This Blog is made available by the publisher for educational and entertainment purposes only, as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and the Blog/Web Site publisher. The Blog/Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

Telephone: 515.276.8282
Toll Free: 800.276.5076
Fax: 515.276.4001
Tucker Law Office
2400 86th Street, Suite 35
​Des Moines, IA 50322     
​
Picture
      © 2021 by Tucker Law Office  |    All rights reserved    |    Privacy Policy    |    Disclaimer
    Get website design, email marketing and more at  Brainstorm
  • Home
  • Workers Compensation
    • Brain Injury
    • Disability and Death
    • Manufacturing Injury
    • Neck and Back Injury
    • On the Job Injury
    • Repetitive Motion Injury
    • Temporary Disabilty Benefits
    • Temporary Workers' Claims
    • Trucking Accidents
  • Personal Injury
    • Car and Truck Accidents
    • Premises Liability
    • Product Liability
    • Toxic Torts
    • Wrongful Death
  • About Us
    • Robert E Tucker
    • Erin M Tucker
    • Reviews