Identity theft is worse than anything that you will go through. Months, in some cases years, of problems may arise because someone else used your identity to obtain all kinds of things, from clothing to trips around the world.
A credit freeze is one good protection against identity theft and credit fraud. It saves you from misuse of your account.
To have a credit freeze placed on your account, you must contact each credit bureau and ask what information that they will require from you in order to place a credit freeze on your account.
You will need to provide your full name, date of birth, social security number and residence for the past 5 years. If you qualify for a credit freeze then within a couple of weeks you will receive a PIN number from the credit bureaus.
You always have the ability to lift the credit freeze temporarily by logging into the credit bureau websites and entering your PIN, or you can provide your PIN to a potential lender if you are applying for credit. If this becomes too much of a hassle for you, you can request permanent removal of the freeze.
If you cannot pay off your debt in full every month, there are measures which you can take to decrease your interest rates which will save you tens of thousands of dollars every year.
Pay off Your cards with high-interest rates
Pay off the Equilibrium of your own cards with the maximum interest rate so as to save the most money. Do not be frustrated if a card with the maximum interest rate can also be the one with the maximum equilibrium. You can also get assistance regarding credit card services or repair services via https://www.buildworthstrategies.com/ or any other links.
Image Source: Google
Make more than one payment per month
Did you know not the balance which you have at the end of every month! Should you create at least two payments every month, you may decrease your average daily balance, which will decrease your interest rates. Do not wait until the expected date to use the payment.
Negotiate A reduce the interest rate
Remember before calling the customer support number on the back of the card, be sure to happen to be paying your bill on time and be aware of just how much you have been spending every month.
Do your research also! Shop around to see whether you find better bargains with rival credit card companies. You may use this as leverage through your telephone call and perhaps they could agree to match the speed of the opponents.
A balance transfer card may transfer your debt from 1 card to another. Ideally, you need to search for one with a 0 percent interest rate through an Introductory period that could vary anywhere from 12 to 21 weeks.