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Tue Oct 15, 2019, 04:31 PM

What do you know, like, dislike, about 'credit freezes, locks'?

"A credit freeze and a credit lock are two ways to protect your credit reports
from being used by scammers to open new accounts."


I know I would have to do it with all three major credit reporting agencies.
Have you done it, and is it a good idea, or a pain in the butt?

Thanks

6 replies, 183 views

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Reply What do you know, like, dislike, about 'credit freezes, locks'? (Original post)
left-of-center2012 Oct 2019 OP
RKP5637 Oct 2019 #1
hurl Oct 2019 #2
ecstatic Oct 2019 #3
hunter Oct 2019 #4
left-of-center2012 Oct 2019 #5
hunter Oct 2019 #6

Response to left-of-center2012 (Original post)

Tue Oct 15, 2019, 04:32 PM

1. I've done it and it's easy to do! n/t

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Response to left-of-center2012 (Original post)

Tue Oct 15, 2019, 04:42 PM

2. Easy to do

I did it for my aging Mom, who will never need another account or loan. Two of the three allowed me to do it for free, and one charged $10. Also, if I recall correctly, two allowed me to do it online, and one required it by phone.

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Response to left-of-center2012 (Original post)

Tue Oct 15, 2019, 04:59 PM

3. It's sort of a pain but it makes you triple think any

financial decisions. Spur of the moment actions aren't possible. I've temporarily lifted my freeze on 2 separate occasions this year, once to buy a car, and then to open a new CD account. May lift for a 3rd time to switch my cell phone carrier.

Temporary lifts are easy to do--you simply enter the start and end date, and that's it!

It helps when a lender can tell you exactly which bureau to unfreeze and the exact length of time needed; but if not, simply lift all three for a week or 2.

Lifting the freeze permanently isn't an option at this point. My information has been breached by way too many asshole corps. Congress really needs to do something.

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Response to left-of-center2012 (Original post)

Tue Oct 15, 2019, 05:38 PM

4. Medical catastrophe ended any concerns I have about credit. I used to care, now I don't.

I suppose I could "rehabilitate" my credit but I'm no longer interested.

Maybe I'd still give a shit about consumer credit had I been living in a nation with universal health care.

But now all credit card offers go directly to the shredder and I buy everything, including cars, with cash.

There are no credit cards in my wallet.



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Response to hunter (Reply #4)

Tue Oct 15, 2019, 05:40 PM

5. Are you saying ...

Medical catastrophes wiped out your credit?

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Response to left-of-center2012 (Reply #5)

Tue Oct 15, 2019, 05:42 PM

6. Yep. Random shit falling out of the sky.

Shit that could happen to anyone.

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