Bill in Illinois House Deals With Freezing Credit Reports

Sep 14, 2017

The massive Equifax data breach is prompting new legislation in the Illinois House.

Attorney General Lisa Madigan says freezing your credit report is the best way to safeguard your information...but for most people, that costs 10 dollars for each reporting agency.

Madigan says the bill removes the fee for freezing your credit report. It also removes the cost for lifting the freeze.

Madigan says for now, she is asking Equifax to cover all the freeze charges for consumers.

She urges affected consumers not to wait for the legislation, and to contact Equifax, Experian and Transunion to block your report if you aren't planning on taking out a loan or getting a new credit card right away.