![]() ![]() “Pre-approved” credit card offers in the mail are an example. Note – companies can still buy your credit information from credit bureaus to market to you eve if you freeze your credit. Freezes can be temporarily or permanently removed when you want. ![]() You can easily remove a freeze or “thaw” your credit report when you want to apply for new credit. In fact, freezes help protect your score by preventing your credit from being negatively scored if someone racks up debt in your name. We therefore also recommend freezing your credit report at NCTUE.Ĭredit freezes do not affect your ability to use existing credit you already have, such as a credit card or loan. ![]() There have also been reports of fraudulent accounts being opened for cell phones using credit reports provided by the National Consumer Telecommunications & Utilities Exchange (NCTUE). Therefore, by blocking creditors from accessing your credit report, you’re stopping identity thieves who apply for new accounts in your name, especially if they have your personal information.īecause creditors run credit checks with any one or a combination of the three big credit bureaus (Equifax, Experian and TransUnion), you need to block access to your reports with all three. These companies do not traditionally issue new credit to a customer if they cannot see that customer’s credit report or the credit score derived from it. CoPIRG recommends all Colorado consumers take advantage of this opportunity and place a credit freeze at the three major credit bureaus (Equifax, Experian, and TransUnion) as well as the National Consumer Telecommunications & Utilities Exchange (NCTUE).Ī credit freeze blocks a credit card company, a cell phone company, or a lender from viewing your credit report, which shows your credit history. On September 21st, all fees to place and remove credit freezes at the major credit bureaus will be eliminated. ![]()
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