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Here’s What Happens When You Freeze Your Credit

Debt.com Logo By Deb Hipp of Debt.com | Slide 1 of 6: If you notice suspicious activity on your credit report, you may want to protect yourself from credit fraud by putting a security freeze on your credit. A credit freeze prevents most lenders, credit card companies and service providers from accessing and viewing your credit report and can stop people trying to fraudulently obtain credit under your name. Suspicious activity on your credit report could be an unfamiliar inquiry or multiple inquiries from creditors accessing your credit report for loans or credit cards. Many people place a credit freeze on their credit after suspicious activity or if their identity was stolen. Freezing your credit is easy. Placing a security freeze takes only a few minutes online with each of the major credit reporting agencies. However, a credit freeze is an extreme measure that can also delay access to your credit report if you need credit approval fast. Click or swipe for 5 things to know before putting a security freeze on your credit. Click here to sign up for our free financial education email course.

Here’s What Happens When You Freeze Your Credit

If you notice suspicious activity on your credit report, you may want to protect yourself from credit fraud by putting a security freeze on your credit. A credit freeze prevents most lenders, credit card companies and service providers from accessing and viewing your credit report and can stop people trying to fraudulently obtain credit under your name.

Suspicious activity on your credit report could be an unfamiliar inquiry or multiple inquiries from creditors accessing your credit report for loans or credit cards. Many people place a credit freeze on their credit after suspicious activity or if their identity was stolen.

Freezing your credit is easy. Placing a security freeze takes only a few minutes online with each of the major credit reporting agencies. However, a credit freeze is an extreme measure that can also delay access to your credit report if you need credit approval fast.

Click or swipe for 5 things to know before putting a security freeze on your credit.

Click here to sign up for our free financial education email course.

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