Freezing your credit is an option provided by the 3 major credit reporting agencies, Equifax, Experian and Trans Union. When you freeze your credit report you basically lock any future creditors from accessing your credit. When applying for credit in the future, you must unfreeze (thaw) your credit report so your new potential lenders can access your credit.
Consider the benefits of freezing your credit versus the cost and potential hassles. Only you can determine if the potential benefit is right for you. I personally do not freeze my credit reports.
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Credit Reporting / Scoring Expert, Chris McConville is the President of Credit Education at CureMyScore.com and founder of myexpertcreditwitness.com where he works as an Expert Credit Witness work in both Federal and State Court. With more than 20 years experience working in credit along with his extensive past Mortgage Originating career, he’s dedicated to sharing his knowledge to educating consumers.
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