How to Freeze Credit and Secure Your Finance from Fraud

If you aren’t sure of applying credit anytime soon, then you can possibly freeze you credit score and prevent scammer from using your data. It’s not as hard as you think, but it’s important so you credit don’t fall into the wrong hand.

Here’s how to freeze your credit and why you should do this.

How to Freeze Credit and Secure Your Finance from Fraud

How to Freeze My Credit

First, you’ll need to contact three different credit agencies and get a password from each. Those agencies are TransUnion, Experian, and Equifax.

My careful o you don’t forget your passwords but you can always right them down.

Why Is Freezing Your Credit Important?

When you know you aren’t applying for for loans, mortgages, credit cards, or other credit-related products anytime soon, then it’s a good idea to freeze your account. This is because your account is open to fraudulent activities.

When a cybercriminal gets hold of enough personal information about you, they can use it to commit identity theft. You wouldn’t want anyone pretending to be you and take out credit in place of you.

Credit freezing allows you to temporarily prevent anyone from performing a credit check using your details. It’s important to do all three because if you forget to do one, a hacker can still use that particular agency to perform credit checks. Once you have locked down all three credit agencies, a hacker can’t use your credit.

keeping Your Money Away From Hackers

You loose nothing and gain a lot when you freeze your credit. You won’t be able to make use of the credit but you can always open it whenever you want. Freezing your credit won’t harm your score; it just tells companies that you don’t wish to use it for the time being.

ALSO READ>>>>How to Convert Region\Country in Google Play Store

Leave a Reply

Your email address will not be published. Required fields are marked *