Experian, a global information solutions provider, today announced that it will offer the option to freeze credit reports to consumers nationwide starting Nov. 1. A credit file freeze prevents new creditors from accessing the credit file without the consumer’s consent.
“Now that a national model for file freezing has emerged, Experian is offering this option to help prevent consumer confusion. Placing a freeze on a credit file is a major decision for a consumer. It will be one option among a broad range of fraud assistance tools we already provide to consumers so that they may make the choice best suited to their situation,” said Kerry Williams, group president, Credit Services & Decision Analytics.
Experian’s file freeze will be free to victims of identity theft. Unless state law mandates otherwise, there will be a $10 fee to institute, temporarily lift or permanently remove the freeze.