A credit freeze is one of the most effective ways of preventing identity theft. A credit freeze (also known as a credit lock), stops all access to your credit report by banks, finance companies, and other lenders. Since no one can pull your credit report, no new loans can be taken out in your name, unless you request a temporary (or permanent) removal of the freeze.
To obtain a credit freeze, you must contact each of the three major credit bureaus. The contact information and additional details about credit freezes can be found here:
Depending on which state you live in, you may have to pay a modest fee (around $10) for a credit freeze.
1 response so far ↓
1 cheryl damon // Mar 17, 2008 at 9:32 pm
A credit freeze doesn’t help victims that have had their bank account robbed. Faced with late payments, etc. Credit is ruined. 17 nyrs excellent credit and one day unauthorized electronic debits/checks drained ou account for over $50,000. Recovered only $5300. At the same time our mortgage adjusted. No answers.
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