Credit 101: Bureaus, Reports & ID Theft

Credit Is More Than Your Card 

When your information is exposed in a data breach, it can cause panic and concern. Who can I trust? What should I do? And who has access to my information?  

The good news is that some of the most effective preventative measures are already within your reach. Your credit information – paired with the right credit protection tools – can help defend against fraud and identity theft after a data breach event.  

Each of us understands the concept of credit from our own perspectives. Credit typically means “buy now, pay off later.” Credit scores indicate our lending risk and credit reports are often reviewed to rent an apartment, apply for a loan or open new credit card accounts.

Industry experts (including those of us at EZShield, too) often suggest that consumers check their credit reports, consider placing credit freezes or fraud alerts, and contact the three major credit bureaus. So, let’s look at how credit works, how your credit reports can help you spot identity crime, and additional tools you can use to further protect your credit information.   Continue reading