Credit Freeze

A credit freeze, also known as a security freeze, is a powerful tool to protect yourself from identity theft. Here's a summary of why and how to do it: 

Why Freeze Your Credit? 

Prevents Identity Theft  
A credit freeze restricts access to your credit report, making it very difficult for identity thieves to open new accounts in your name. Because most lenders require access to your credit report to approve new credit, a freeze effectively blocks unauthorized applications. 

Enhanced Security  
Even if your personal information is compromised in a data breach, a credit freeze can prevent it from being used to open fraudulent accounts.

 
It's Free:  
Federal law mandates that you can freeze and unfreeze your credit reports for free. 

How to Freeze Your Credit: Contact the Three Major Credit Bureaus. 
You must contact each of the three major credit bureaus individually. 

 
Equifax 
Online: equifax.com 
Phone: 1-888-298-0045

 
Experian
Online: experian.com 
Phone: 1-888-397-3742 

TransUnion 
Online: transunion.com 
Phone: 1-888-909-8872 

Provide Necessary Information  
You'll need to provide personal information to verify your identity, such as:  
Full name 
Social Security number 
Date of birth 
Current and past addresses 

Methods of Freezing  
You can typically freeze your credit online, by phone, or by mail. Online is generally the fastest method.

 
Unfreezing Your Credit  
When you need to apply for new credit, you can temporarily or permanently lift the freeze. 
This can also be done online or by phone, and it's also free. 
 
Key Considerations 
Credit Freeze vs. Fraud Alert  
A credit freeze restricts access to your credit report, while a fraud alert requires lenders to take extra steps to verify your identity. 

Remember to Unfreeze 
Don't forget to unfreeze your credit when you legitimately apply for new credit, such as a loan or credit card. 

By taking these steps, you can significantly reduce your risk of becoming a victim of identity theft.