A credit freeze, also known as a security freeze, is one of the best ways to prevent fraud and identity theft. When your credit is frozen it limits access to your credit reports unless you lift the freeze, or “thaw” your credit. Limiting access to your credit report makes it significantly harder for creditors and lenders to access your files, this prevents criminals from opening accounts in your name.
In 2018 the Economic Growth, Regulatory Relief and Consumer Protection Act, was passed which requires all credit freezes to be free of charge. A credit freeze will not impact your credit score.
The three major credit bureaus are Equifax, Experian and Transunion. Freeze your credit at each bureau. This can be done online, by phone or through the mail.
You will need to provide your full name, address, Social Security number, birth date and other personal information. You’ll be asked a few questions to verify your identity and then be asked to create a PIN.
Keep your PIN and other information they provide in a secure location, you will need this to access your account and manage the freeze.
You can temporarily or permanently unfreeze your credit online, by phone or by mail.
Children are also vulnerable to identity theft see my article How To Freeze Your Childs Credit
Check your credit reports regularly. You can use sites like Credit Karma and Credit Sesame to view your credit scores.
You are entitled to a free copy of your credit reports at the three major credit bureaus, Equifax, Experian and Transunion. Go to AnnualCreditReport.com to request your reports.
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