What is freezing your credit all about?
It’s a tool that restricts people and companies from accessing your credit report without your specific permission.
It is not the same as a fraud alert. It does not affect your credit score. You can still request your free credit report once a year.
And you can temporarily remove the credit freeze. Or, you can permanently remove the credit freeze. And it does not cost you anything to do so. It can be done within minutes of your requesting an “unfreeze” (but double check the time frame with each bureau).
The bottom line, it makes it harder for identity thieves to steal your credit and personal information or open new credit in your name.
I have listed below the three main credit bureaus to call or go online to learn about it further.
Here’s what they will need from you:
- Date of birth
- Social security number
- Your address
Other than creditors, here are some other reasons you may need to unfreeze your credit report access:
- Applying for a new job
- New credit card
- New credit requests you have initiated
- Utility or cell phone companies.
Once a credit freeze is in place, it secures your credit file so nobody can access it unless you give direct authorization to the credit bureaus, usually through a password-protected credit bureau website or PIN.
Please contact me if you would like more information.