New Jersey Credit Freeze Laws Take A Stand Against Identity Theft

It's no gardener's paradise to get "hit" by identity theftBusiness"? What the Bad Guys do is exploit this
or to find out a month after the fact that some criminalbusiness model, by inserting themselves into the
has learned about your accounts, gone on a spending"demand" side of these businesses...using your name
spree, leaving you with the bills to pay! "No more!" sayor other credit details to apply in your name for a new
the Garden State legislators, joining states such ascredit card.Normally, as in 80% or more of the cases,
California, Connecticut and Louisiana in an upgrade ofthe fraudsters get away with it. Result? A new credit
consumer protection laws to reduce abusive creditcard is issued to them, in your name...they go on a
card fraud and identity theft.What Credit Freeze Lawsspending binge until the credit max is met...30 days later
Deliver To Garden Staters. While Tony Soprano mightalong the normal billing cycle you suddenly open your
get away with "whacking" other bad guys, Newmail and discover a new card with literally thousands
Jersey residents expect a better deal and definitelyof dollars of purchases! "What's this? I never bought
seek ways to minimize identity theft, credit card fraud,this stuff!"...and then the penny drops...you've been
corruption of bank and checking accounts. This isripped off. Credit card fraud, identity theft, the whole 9
where a credit freeze law creates a key control-toolyards and you're now facing a huge problem to clean
for residents. How credit freeze works is that Newup your credit history, remove these fraudulent
Jersey residents formally notify in writing the threecharges, and more.What New Jersey Resident Need
major front line credit bureaus...TransUnion, ExperianTo Do. The first thing to do is "wake-up" to the real
and Equifax...plus add a $10 fee and designate that noand growing risk of identity theft and credit card fraud.
credit report request can be acted upon without theLiterally 10s of billions of dollars of fraud related to
account holder's permission.How Does The Newidentity theft occur each year. Realistically, 80% to
Jersey Credit Freeze Law Stop Bad Guys & Good90% of credit card fraud occurs unnoticed by
Guys? Remarkably, the Bad Guys who seek toconsumers, until it's too late. Meanwhile the Bad Guys
defraud you, get most of their support for access todisappear, their pockets filled with gear that they've
your files and credit history from the alleged Goodstolen, using your name and credit.Garden State
Guys, namely the credit bureaus and the hundreds ofresidents need to formally advise in writing each credit
firms offering credit privileges. Why? To be clear,bureau to place an immediate permanent credit freeze
there's no direct collusion or relationship betweenon their credit history reports, plus add a $10 to $12 fee
fraudsters and legitimate businesses. However, theper bureau. Once in place, your credit freeze means
indirect side of the situation is where the intersectionthat the bureau can no longer sell or provide any of
between good and evil occurs. Here's the rub. Theyour personal data to any party, nor can any new
credit bureaus, maintaining millions of credit history filecredit request or new credit be issued unless you
records are seriously motivated to do what...? You gotpersonally approve and you pay a $12 release fee to
it...to sell for a fee your credit history report to credittransfer your credit history report to a specific
card companies, merchants, gasoline companies,firm.New Jersey credit freeze laws are all about
department stores, hardware and building stores plusincreased consumer protection and a push back
the raft of merchants seeking to uncover newagainst identity theft and credit card fraud.
customers.How Do The Bad Guys Exploit "Regular