The Benefits of the Credit Report Freeze
Some consumers go to great lengths – even literally putting their credit cards in a freezer‐ to control their spending. Thus, even when they feel like spending, they would have unfreeze their credit cards before they can use them for payment. Similarly, a credit report freeze can be requested to make it inaccessible from inquiries. In fact, even the owner of the credit report will not be able to access his/her file unless a lift has been made. Thus, in case someone tries to open a new account without your consent, the prospective creditor will not be able to approve the application because the file has been blocked or ‘frozen’. If you plan to apply for a new account, you must first ask for your credit report score to be “thawed”, “defrosted”, or “unfrozen”. Read more about The Benefits of the Credit Report Freeze