credit report Tag

Death and Credit – Important Info You Need to Know

When a family member passes away, there are certain steps that should be taken to alert the passing to the major credit reporting agencies and to assess whether a freeze, or lifting a freeze, on their credit is needed. Swift action is important when it comes to a decedent’s credit. Why? Because if the major credit reporting agencies, along with the financial institutions where your deceased family member had open checking accounts, saving accounts, retirement accounts, etc. are not timely notified, your loved one’s accounts would remain open and could heighten the risk of identity theft and other issues. Suffice it...

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How To Protect Your Deceased Loved One’s Identity

Losing a loved one is a heartbreaking, gut-wrenching event that can turn your world upside down. Sadly, many criminals exploit this terrible event and steal your deceased loved one’s identity. In fact, the identities of almost 2.5 million deceased Americans have been stolen and used to fraudulently open credit card accounts, apply for loans and get cellphone or other services, according to AARP. The predators of this world troll for personal information from hospitals, funeral homes, and/or obituaries. With a name, address and birth date, criminals can purchase your deceased loved one’s Social Security number for a nominal fee. Don’t...

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