Credit Freeze and the Fight Against ID Theft

What is a credit freeze and how can it protect you against identity theft? Is it really IDTheftCloudan effective tool to fight ID theft and fraud?

What is Credit Freeze?

The purpose of credit freeze is to block everyone – new creditors, insurers, employers – from accessing a person’s credit report. Even the credit report owner is blocked out, unless he/she requests to “thaw” or “unfreeze” the report.

Identity thieves use stolen information to open new accounts. For example, an ID thief may try to apply for a new credit card under your name. Before the credit card company grants approval, your personal credit report will be reviewed. If you have “frozen” your credit, no lender will be able to access it, and therefore, no new accounts can be opened without your authorization.

If you want to apply for a loan or a credit card, the first thing you need to do is request the credit bureau to “unfreeze” your credit report before submitting your application. To “unfreeze” your report, you will be asked to provide the PIN code that you were given by the credit bureau when you requested for a credit freeze.

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Freezing Your Credit


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All the three major credit bureaus – Experian, Equifax, TransUnion – offer “credit freeze” to consumers. To request for credit freeze, you must send a letter of request, enclosed with 2 pieces of proof of your of residency (driver’s license or a billing statement addressed to your name). Both “freezing” and “unfreezing” will cost you $10 to $12 from each credit bureau.

[Article: Credit Freeze and the Fight Against ID Theft]

Safeguard Your Identity

Aside from “freezing” your credit report, what else can you do to safeguard your identity against thieves and scammers? Here are some tips:

  • Shred documents that contain any personal information before throwing them in the trash bin. (Ex. Atm receipts, banking statements, expired credit cards, old IDs, etc.)
  • Ask your credit card issuer for an online credit card number that you can use when purchasing from online merchants.
  • Check your accounts regularly.
  • Purchase fraud protection service provided by your credit card issuer.
  • To get in touch with a human customer service from any of the three credit bureaus, visit gethuman.com for a list of contact numbers.

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Elizabeth Roberts

Elizabeth Roberts

Liz Roberts and her team are continuously providing information to people who are ready to repair their credit and improve their credit score. Also NewHorizon.org team strives to empower the homebased and small business owners by bringing information that can help them to manage and grow their businesses. Let our 24+ years of business finance experience help you to get the financing you need! CONTACT US if need financing for your business.

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NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

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NHBS Inc © 2022

NewHorizon.org is an independent, advertising supported website. The owner of the site may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. NewHorizon.org has not reviewed all available credit card offers in the marketplace.

Privacy Policy Terms of Use

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