How does a credit freeze work?
Credit freeze is quite simple really, but very effective. What happens is, when credit is requested, for example a credit card, cell phone or even a personal loan, the company that is considering giving the credit will call one of the three credit reporting companies to ask for access to your credit file. If you have already requested a freeze on your file then the credit reporting company will tell the creditor that they don’t have access to the file as it is frozen. You can just about guarantee that no creditor in their right mind will proceed with a line of credit that has a frozen file.
