What is a credit freeze?

A credit freeze, also known as a security freeze, is a financial tool in Georgia that allows you to restrict access to your credit report. This means that potential creditors and lenders are not able to view your credit information without your permission. When a credit freeze is in place, your credit score is not affected and you are still able to use your existing credit accounts. A credit freeze is a great way to protect yourself if you are a victim of identity theft or fraud. By freezing your credit, you are preventing someone from using your information to open new accounts in your name. It can also be used if you are worried about creditors looking at your credit or making decisions without your knowledge. A credit freeze is easy to put in place and can be done online. Once it is in place, you will receive a unique PIN or password that you will need to use in order to temporarily lift the freeze. It is important to note that you will need to contact each of the three major credit bureaus (Experian, Equifax, and TransUnion) separately in order to put a credit freeze in place. Overall, a credit freeze is a great tool to help protect yourself and your credit information if you are a citizen of Georgia. By freezing your credit, you are taking an active step towards safeguarding your identity and credit report.

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What is a credit freeze?

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