The Benefits of the Credit Report Freeze
Some consumers go to great lengths – even literally putting their credit cards in a freezer‐ to control their spending. Thus, even when they feel like spending, they would have unfreeze their credit cards before they can use them for payment. Similarly, a credit report freeze can be requested to make it inaccessible from inquiries. In fact, even the owner of the credit report will not be able to access his/her file unless a lift has been made. Thus, in case someone tries to open a new account without your consent, the prospective creditor will not be able to approve the application because the file has been blocked or ‘frozen’. If you plan to apply for a new account, you must first ask for your credit report score to be “thawed”, “defrosted”, or “unfrozen”. Read more about The Benefits of the Credit Report Freeze
Published on Jun 24, 2010
Some consumers go to great lengths – even literally putting their credit cards in a freezer- to control their spending. Thus, even when the...