By certified mail (consumers should make sure they get a return receipt): Equifax Security Freeze, P.O.Unfreezing an account: Online or call 1-88.By certified mail (consumers should make sure they get a return receipt): TransUnion Fraud Victim Assistance, P.O. Whenever one of these actions is performed the individual will need to prove their entity along with providing this PIN/password.Ĭreditors that already have an existing relationship with an individual (e.g a credit card issuer whom the individual has a card with) are still able to access that individuals credit report – but this must not be used to extend new lines of credit.įor a credit freeze to be successful an individual will need to place one on each of their credit reports (every individual has three credit reports, one with each of the three credit bureaus: TransUnion, Equifax & Experian). When an individual places a freeze on their credit report, they’ll be provided with a PIN or password which needs to be used whenever they want to: unfreeze the report for a specific period of time, allow a specific third party (e.g employer, creditor, insurer, etc) to access the report or remove the freeze entirely. Freezes also prevent credit scores (such as the FICO score) from being accessed as these are based on an individuals credit report. This works because creditors will pull an individuals credit report before approving them for new credit, if they are unable to pull the credit report due to a credit freeze they’ll know something is suspicious and the application will be denied. They are mostly used by consumers who are the victim of identity theft that want to prevent the thieves from starting new lines of credit in their names. As of September 21st, 2018 credit freezes and unfreezes are now free nationwideĪ credit freeze (sometimes called a security freeze, credit report freeze or credit lock) makes an individuals credit report inaccessible.
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