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How to freeze your credit (it is free) and when to do it
Freezing your credit is one of the simplest, free protections against identity theft. Here is how to do it in a few minutes.
If someone steals your personal information, they can try to open accounts in your name. A credit freeze makes that much harder, and it is free.
What a credit freeze does
A freeze restricts access to your credit report, so most lenders cannot check it to open a new account. The FTC explains that freezing and unfreezing is free and does not affect your credit score.
How to freeze your credit
- Contact each of the three bureaus: Equifax, Experian and TransUnion. A freeze at one does not apply to the others.
- Create an account online or call, and verify your identity.
- Save the PIN or login you receive: you will need it to lift the freeze.
When you need credit
Lift the freeze temporarily before applying for a loan, card or apartment. Online requests are often processed quickly. Ask the lender which bureau it uses and lift only that one if you prefer.
Freeze or fraud alert?
- Credit freeze: blocks new credit checks until you lift it. Strongest protection.
- Fraud alert: tells lenders to verify your identity. Easier to live with, but lighter protection.
Also check your reports
A freeze does not remove fraud that already happened. Get your free reports at AnnualCreditReport.com and dispute anything you do not recognize.
Frequently asked questions
Does a credit freeze cost money?
No. Federal law makes placing and lifting a credit freeze free at all three bureaus.
Does a freeze hurt my credit score?
No. It only limits who can see your report for new credit. Your score and existing accounts are not affected.
What is the difference between a freeze and a fraud alert?
A freeze blocks access to your report for new credit. A fraud alert tells lenders to verify your identity before opening an account.
Do I need to lift it to apply for credit?
Yes. You can lift it temporarily for a set period or for a specific lender, then it goes back into place.