When should I use a credit freeze?

A credit freeze, also known as a security freeze, is an important tool to help keep your credit secure. It is beneficial for individuals who want to prevent identity thieves from opening new accounts in their name. When you place a credit freeze, your credit file is “frozen” meaning that lenders and other companies cannot access your credit report unless you unfreeze it. When should you use a credit freeze? If you are a resident of Rhode Island and have been subject to identity theft, it may be beneficial to place a credit freeze on your credit file. If any unauthorized transactions have occurred in your name, or if you have received any suspicious credit card statements, a credit freeze can help prevent further damage or identity theft. It may also be beneficial to use a credit freeze if you are about to apply for a loan, credit card or other type of credit. Placing a credit freeze before applying for a loan can help protect your credit score from being accessed or accessed improperly. Finally, if you are not an active credit user, it may be beneficial to use a credit freeze. If you do not use credit, there is no need for lenders to have access to your credit file, and a credit freeze will protect your credit information from being accessed inappropriately.

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When should I use a credit freeze?

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