Protect Yourself from Loan Fraud

You have probably heard of or even experienced loan fraud. In many cases, people only find out that a loan has been taken out in their name when they start receiving calls from financial institutions demanding repayment of overdue debt, or when they apply for a loan themselves and are denied due to a poor credit history.

There is a way to protect yourself from such situations!

Activate the FREEZE option to block access to your credit history for the purpose of loan approval and notify lenders that you do not wish to apply for new credit at this time. Your current lenders will still be able to access your credit history for monitoring purposes, so this will not affect your existing loans or credit cards.

Benefits of the FREEZE option:

• Maximum protection against loan fraud: Prevent fraudsters from obtaining a loan in your name.
• Peace of mind: Knowing that your credit history is properly protected allows you to worry less about this aspect of your financial security.
• Control over access: You can enable or disable the FREEZE option at any time with just a few clicks. When you decide to apply for a loan, simply deactivate FREEZE temporarily.

The FREEZE option is available as part of the StatusControl service. Subscribe today and take advantage of this and other features of the service!