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A credit freeze (also known as a security freeze) allows an individual to control how a consumer reporting agency (also known as a credit bureau such as Equifax, Experian, TransUnion, and Innovis) is able to sell personal financial identity data. [1]
"A credit freeze means potential creditors cannot get your credit report. That makes it less likely that an identity thief can open new accounts in your name," NPD said.
The easiest way to freeze your credit is online through each credit bureau's website. While freezing your credit is an easy process, it takes some time -- especially the first time you do it.
A credit freeze allows you to take control of your financial credit report by stopping potential lenders from seeing it. Without that information, lenders will usually not allow you or anyone ...
It also means bad actors cannot take out loans or open credit cards, since the freeze locks the data at the consumer reporting agency until the individual gives permission for the release of said ...
A credit freeze, also known as a security freeze, can be very useful in some instances -- such as being a victim of identity theft. These temporary freezes prevent you or others from opening ...
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