How to Freeze Your Credit - Service First Mortgage

We live in a time where everything is done online, so it is important to protect yourself and protect your credit from unwanted and fraudulent accounts.

To help you better understand the process, we created a video that walks you through what a Credit Freeze is, why it’s important, and how to place a freeze at the three credit bureaus. We also included some additional information on how a credit freeze can protect you.

How Freezing your Credit Protects You

Creditors typically won’t offer you credit if they can’t access your credit reporting file, so a security freeze, also called a credit freeze, prevents you or others from opening accounts in your name. Security freezes can be useful in preventing an identity thief from opening a new credit account in your name.

Only a limited number of entities can see your file while a freeze is in place, including:

  • Creditors of accounts you currently hold
  • Certain government entities like child support agencies
  • Companies that you’ve hired to monitor your credit file

Upon your request, the security freeze can be removed free of charge. The security freeze will be removed no later than:

  • 1 hour after receiving the request by toll-free telephone or secure electronic means
  • 3 business days after receiving the request by mail

You also have the option to lift the freeze temporarily for a period of time specified by you, free of charge. The same time periods above apply to temporary removal of your security freeze.

source: consumerfinance.gov