When Axton Betz-Hamilton set up her first utility bill at college, she soon realized something was very, very wrong.
It turned out she’d been a victim of identity theft—and it had destroyed her credit rating.
In 2001, when she was a 19-year-old student, Betz-Hamilton’s new utility provider demanded a $100 security deposit to turn on her service, citing her credit score.
“I thought it was because I didn’t have enough credit,” she told Fortune. But when a copy of her credit report turned up in her mailbox six weeks later, she learned the opposite was true.
Please freeze your credit file at Equifax, Experian and TransUnion. It’s free and you can unfreeze it anytime you want (or whenever you judge its a valid credit check for something you actually requested yourself).
Whether you have a low/medium/good/perfect credit score and are satified with the credit cards and mortgage/loans you already have or lived without ever having a credit card and loans, it is of utmost importance to freeze your credit files to preempt any future identity theft from becoming a life upending disaster.
Some helpful links:
For the fellow Canadians reading this, freezing your credit file has been enshrined in law in Québec since February 2023. I have frozen mine on the first week of February. However, I am unaware of the availability of that option in other provinces, please check with your bank or provincial service bureau (equivalent to Services Québec here) or directly contact Equifax and TransUnion.