This information is only loosely related to real estate -- you need good credit to buy property, after all -- but important enough that I want to spread the word.
Effective September 1, 2008, all Washington residents are able to freeze their credit reports, which makes it nearly impossible for an unauthorized person to open a credit account in your name. Previously, only those who were already victims of identity theft were eligible to instigate such a freeze.
A security freeze bars credit bureaus from sending your financial history and credit scores to potential creditors without your authorization by requiring a PIN (personal identification number) code to temporarily lift the freeze.
To implement a security freeze, send a letter and documentation of your identity to the three major credit-reporting agencies, TransUnion, Equifax and Experian.
If you are 65 or older, the service is free. If you are under 65 years of age, the cost is $10/agency. The charge to lift a freeze varies by agency.
For details, go to www.atg.wa.gov.
I hope you will take advantage of this valuable option and communicate your appreciation to our legislators.
Single adults face unique challenges when buying and selling a home. I know because I've done it myself, & a significant portion of my clients are single. This blog provides news & information you need to help you achieve your real estate goals. Alice Kuder, REALTOR®, Green. Prudential Northwest Realty Associates, Seattle, WA
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