in5points
FinanceMoneycontrol

Someone takes a loan in your name? A credit freeze may stop that from happening

in5points
  1. A credit freeze blocks new credit accounts from being opened in your name.

  2. It is an overlooked tool against identity-related financial fraud.

  3. Freezing your credit prevents lenders from accessing your credit report, stopping fraudulent loan applications.

  4. A credit freeze can be lifted temporarily or permanently when you need to apply for credit yourself.

  5. It is free to place and remove a credit freeze at each of the three major credit bureaus.