![]() ![]() However, even your existing creditors won’t be able to open new accounts for you while the freeze is in place. Although freezes used to carry a fee, they are now free to initiate, so you aren’t losing money by protecting your finances and your identity.Ī freeze doesn’t interfere with any accounts you already have, so you can continue using your credit cards as usual. The biggest benefit of freezing your credit is that it stops malicious actors from using your name and Social Security number to open new financial accounts that could seriously harm your credit and ability to borrow.Īnother bonus is that freezing your credit does not affect your score, so you can stay safe without your creditworthiness taking a hit. You’ll need to file a freeze request with all three credit bureaus: TransUnion, Equifax and Experian. If you think your personal information was exposed in a data breach or have other reasons to believe you’re at risk, a credit freeze helps you gain control of the situation. If you want to freeze your credit with TransUnion, keep reading to learn more about your options. The would-be thief is then denied the account. ![]() When someone applies for a credit card or loan in your name, your file is flagged as frozen, and the credit bureau won’t release your information to the creditor. ![]() Placing a credit freeze with the three credit bureaus limits access to your credit report and prevents identity thieves from opening new accounts in your name. But although hackers are increasingly adept at evading security measures, there are ways to protect yourself if you’re concerned about your finances or know you’ve been a victim of a data breach. Identity theft is a leading worry for Americans. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |