The Benefits of Freezing Your Credit
When a credit report freeze is done, the file becomes inaccessible from all unauthorized views. All new inquiries will be blocked and only the owner of the report can request for the freeze to be lifted. Once it has been lifted, only the specified company will be able to access the report. Furthermore, the credit report score owner can decide how long the account can stay open to new inquiries. What if you want to apply for a new account? Before submitting application to your chosen lender, you need to request for the freeze to be lifted. Lifting or thawing can take only a few minutes to a few days depending on the credit bureau. As mentioned above, you can specify the company that will be given access to your report and for how long you want your account to be accessible. Read more about The Benefits of Freezing Your Credit