CREDIT FREEZE

November 9, 2012 Posted by Steven Weisman, Esq.

A credit freeze is, as the name implies, a freezing of your credit report at your request whereby no one can have access to your credit report even if they have your Social Security number and other personal information about you.  You control access to the credit report through a special PIN that you choose.   Thus, even if someone was able to steal your Social Security number, they could not parlay that into access to your credit report to be  able to purchase things or set up accounts using your name.  If you need to thaw out your credit report at such times as you want to apply for credit, it is an easy procedure to do so using your PIN; then, after your new credit has been established, you can freeze your credit report again.

Having your credit frozen will not affect your ability to get your annual free credit reports from each of the three major credit-reporting agencies Equifax, Experian and TransUnion

The laws pertaining to credit freezes differ from state to state.  For detailed instructions and information about how to freeze your credit in your particular state click on the following link https://help.equifax.com/app/answers/detail/a_id/75/~/security-freeze-fees-and-requirements