Temporary Freeze Removal?

Tammy_1210986577_large Staff
On Aug 19, 2008 8:14 pm Tammy said:

I froze my credit a year ago to sleep a bit easier after a seeming close call, but now I want to apply for a new credit card. The credit card company has offered me two options -- either I temporarily remove the freeze myself via the credit reporting agency or I provide my PIN directly to the credit card company. Which is better/safer/easier?

More_discussions

(2) Answers

Guru
On Sep 19, 2008 2:02 pm Dean said:

Tammy - You should take care of thawing and refreezing your credit files on your own. It's much safer to do it that way. One of the value's of these new credit freezing services is that you have almost complete control over who has access to your credit files and credit scores. Giving out your PIN to anyone, even a legitimate lender, could lead to a compromise of your credit data.

My suggestion is to notify the lender that you will thaw your credit
files on your own. Let them know what dates they will be available and ask them to pull your credit file on that day. Then you can refreeze them after the lender has gotten what they need in order to process your credit application. Most of the current generation of freeze services are an "add on" to a credit monitoring subscription so you'll probably receive an alert when the credit inquiry is posted to your credit file. Then you'll know for sure that they've pulled your file. As you probably know there is a small charge to lift the freeze but it’s worth the price to keep your credit data safe.

Staff
On Oct 6, 2008 1:58 pm Tammy said:

Thanks, Dean.!

Answer this question

Submit

Top FiDeals

More_fideals
Sm_go
Type Today Week Ago
15 Year Fixed 4.83% Rates_down 4.99%
30 Year Fixed 5.12% Rates_down 5.18%
1 Year ARM 3.97% Rates_down 4.00%
5/1 Year ARM 4.54% Rates_up 4.53%
Type Today Week Ago
Line of Credit 4.53% Rates_down 4.65%
10 Year Loan 7.70% 7.70%
15 Year Loan 7.85% 7.85%
Type Today Week Ago
Interest Checking 0.34% 0.34%
Money Market/Savings 0.59% Rates_deposit_down 0.61%
12 Month CD 2.04% Rates_deposit_down 2.11%
60 Month IRA CD 2.95% Rates_deposit_down 3.01%
Type Today Week Ago
Cash Back Cards 10.51% Rates_down 10.72%
No Annual Fee Cards 10.95% Rates_down 11.01%
Reward Cards 11.54% Rates_down 11.65%
Small Business Cards 10.67% Rates_down 10.80%
Student Cards 13.20% Rates_down 13.45%
Platinum Cards 10.92% Rates_down 11.04%
Provided by Informa 01.07.09