Consumer Comeback Blog

Credit Score Glossary: Credit Freeze

Credit Freeze: Also known as a security freeze, is designed to give the consumer complete control over access of his or her credit information.

A credit freeze will lock the consumer’s credit information at the consumer reporting agency until the consumer grants permission for its release. Those concerned about becoming victims of fraud or identity theft may choose to place credit freezes on their credit reports, but doing so may delay or interfere with approval for credit or loans. If a freeze is in place, a person must first lift the freeze before applying for new credit. Laws regarding credit freezes vary by state.