In the U.S., there is a lot riding on our credit scores. Strong credit can help us secure loans for homes, cars and businesses, and it even affects the cost of everyday purchases made with credit cards.
But as our financial lives have increasingly moved online, so has the risk of having our personal and financial information stolen and misused.
One way to protect yourself if you suspect you’ve been a victim of fraud or identity theft is by freezing your credit. A credit freeze prevents new lines of credit from being opened in your name, even if someone has access to your social security number or other personal information. Think of it as changing the locks on your financial front door.
Why freeze your credit?
When your credit is frozen, no lender can pull your credit report without your approval. If they can’t see your report, they won’t open a new line of credit. It’s that simple. A freeze won’t stop every form of fraud, but it cuts off one of the biggest threats: thieves opening credit cards or loans pretending to be you. It also doesn’t affect what you already have open, your credit cards, mortgage, auto loans, and student loans keep working just like normal. A freeze doesn’t lower your score either, for many people, this extra layer of security is worth it. Once frozen, you’re the only one who can lift the freeze when you want new credit.
Downloadable Guide “How To Freeze Your Credit”
We’ve prepared a downloadable resource explaining all of the ins and outs of how to freeze your credit. You can download the guide here.
What if you want new credit later?
When you need to apply for a loan, credit card, or even rent an apartment, you can temporarily lift your freeze. It’s as easy as logging in to your account or making a quick call to the bureau. You can thaw your credit for a set period of time or for a specific company that needs to check your credit. When that window closes, the freeze goes right back in place, no extra steps required.
Take control of your financial security today. Follow the tips in our guide to freeze your credit and protect your identity from fraud. It’s simple, free, and a smart step toward peace of mind. And when you’re ready to apply for new credit, unfreezing it is just as easy. A few minutes of action today can save you from major headaches tomorrow.
Get Started with a Financial Plan
At Pathfinder Wealth Consulting, we believe that this foundation begins with a personalized financial plan. A thorough financial plan will help identify priorities and provide clarity around your financial goals.
Take the first step towards a secure financial future by scheduling a consultation with one of our experienced Wealth Advisors. Let us tailor a financial plan that aligns with your goals and allows you to focus on what’s important. Contact us today to get started!