What Is A Credit Freeze?
A credit freeze is used to prevent the credit bureaus from releasing your credit
report when requested, without your approval and consent.
Even though this will
prevent companies from accessing your credit reports without your...
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What Is A Credit Freeze?
A credit freeze is used to prevent the credit bureaus from releasing your credit
report when requested, without your approval and consent.
Even though this will
prevent companies from accessing your credit reports without your knowledge, a
credit freeze may interfere, slow down or flat out deny the timely approval of any
request that you place for a credit card, loan, insurance, mortgage, car loan,
employment, rental lease, cell phone, utilities, department store credit, and any
other loan or line of credit that would require a credit check.
Once you finalize the
request for the credit security freeze on your file, you will be given a personal
identification number that you can use at any time to lift the freeze, or authorize the
release of your credit report to a specified person or company.
You can also lift the
freeze for a specific time period, allowing anyone to access it during this time.
Placing the security freeze on your credit report is very easy.
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