While the protections offered through a freeze outweigh the inconvenience of going through the effort, it’s important to consider the potential drawbacks of freezing your credit: The security freeze doesn’t affect your credit score.It allows you to continue using existing credit cards.The freeze remains in effect until you decide when to unfreeze your credit.It lets you restrict access to your credit report, which in turn makes it more difficult for identity thieves to open new accounts in your name.The security measure offers many benefits: Each bureau will ask you to answer several questions to validate your identity, and you’ll receive a unique PIN code that you can use to freeze and unfreeze your credit report as needed. You’ll need to provide your name, address, birth date and social security number. You must do so separately with each of the three major credit bureaus, which also include Experian and TransUnion. You can now freeze your credit for free under a law that took effect following the Equifax breach. But first-a refresher on what a credit freeze does. But what if you need to “thaw” your credit to apply for a new loan, insurance, cell phone plan or something else? Here’s what you can expect when you want to unfreeze your credit.
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