![]() The credit reporting companies do little to make getting a credit freeze easy: you have to ask each of them individually, pay a fee (usually) to put it in place, ask each of them specifically to lift the freeze and often pay another fee. How is it different from fraud alerts or other credit monitoring? The company did not immediately respond to request for comment.Ĭonsumer protection organizations like the National Consumer Law Center are further calling for Equifax to waive the fees for credit freezes at all three credit bureaus. It's also unclear whether Equifax would still charge you a fee to lift the freeze. In response to public outcry, Equifax announced that fees to freeze your credit will be waived for the next 30 days.īut even that doesn't totally protect your information since your data isn't fully frozen until it is on ice at all three credit bureaus. If you're a resident of certain states - like Maine or South Carolina - it's free. The costs to freeze and lift the freeze on your credit vary based on where you live and for each credit reporting agency, but commonly range from $2 to $10 per agency. This can be done temporarily, either for a set time or for a particular party, like a landlord or lender. ![]() Your credit information will still be released to your existing creditors and any debt collectors who may come calling.īut, if you want to open new lines of credit, you'll need to lift the freeze first. It doesn't damage your credit or stop your credit report from evolving by your own actions. ![]() The goal is to prevent anyone from opening any new accounts. A credit freeze limits who can see your credit report information.
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