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Assignment代写范文:America's credit freeze 2019-01-09

今天论文代写机构Fanessay小编整理了一篇Assignment代写范文--America's credit freeze,本篇文章阐述的内容关于美国的信贷冻结。美国各州现在正在通过一项关于信贷冻结的法律。信贷冻结是指消费者有权要求信贷机构锁定您的记录,并保留稍后“解冻”记录的权利。这意味着,只要您申请信用冻结,无论任何人以您的名义申请信用卡或贷款,他们都将无法访问您的信用记录。到目前为止,已有25个州通过了信贷冻结立法。


States are now passing a law on credit freezes. A credit freeze is when a consumer has the right to ask a credit agency to lock up your records and reserve the right to "unfreeze" them later. This means that as long as you apply for a credit freeze, no matter when anyone applies for a credit card or loan in your name, they will not have access to your credit history. So far, 25 states have passed credit freeze legislation.


Consumers who have been waiting for the legislation say a credit freeze is the only protection against identity theft. Credit agencies, however, have been more cautious, arguing that the freeze is convenient for some and troublesome for many. "A credit freeze may be a good option for some consumers, but for many more, there are other measures to prevent identity theft, not just through the extreme form of a credit freeze." That's what David Rubinger, a spokesman for Equifax, one of America's three largest credit agencies, said.


As we all know, the negative attitude of credit institutions in implementing credit freeze service is closely related to their own interests. After all, they make profits by credit transaction. "They don't welcome this new business because it gives consumers the right to manage their credit information." Ed Mierzwinski, director of the consumer program at the American public interest research group, said: "if the credit freeze is regulated, then the growing industry for credit-regulated product sales is likely to decline."


A credit freeze could also spark disputes between consumers and credit agencies. Once applied for the service, consumers will not be able to apply for a credit card unless they apply to a credit agency again for a "thaw". At the same time, due to several days of processing time, people's "impromptu consumption" will be effectively inhibited. For example, applying for a commercial credit card to get a discount on a mall promotion, "you have to prepare in advance and figure out when you need to apply for a credit card," explains Mari Frank, a credit expert. "After applying for a credit freeze, you can't withdraw cash or apply for a credit card."


In the United States, credit agencies in most states are able to refreeze "thawed" credit records. However, according to Frank, this process will last longer because these large companies are not efficient. But with legislative improvements, many states, including Utah and New Jersey, have given credit agencies authority to unfreeze credit records within 15 minutes.


At the same time, consumers should be more careful planning. If a consumer has frozen credit and wants to apply for a new credit card, they must apply to a credit agency in advance. The credit agency will charge $10 for unfreezing the credit and another $10 for refreezing it.


In addition, as more employers and landlords consider applicants' credit records, credit freezes provide security and inconvenience for consumers in finding jobs and homes.


Finally, Frank stressed that although the credit freeze is effective, it is not a panacea against identity theft. At the very least, it does not prevent the theft of checks and commonly used accounts. According to the survey, 62 percent of identity theft in 2005 was from commonly used accounts, including credit CARDS in use, debit and credit CARDS, checks, savings accounts, phone calls and various valid accounts. So, consumer is frozen in credit besides, still should check his individual account regularly.