Thank you. I might consider doing this.
Marilee
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On Wed, Sep 15, 2021 at 10:54 AM, Steve<sfgrob@xxxxxxxxxxx> wrote:
When you freeze your credit it means that no one/company has access to your
credit report and therefore can not see all the data that the credit bureaus
have accumulated on you. It doesn't stop the acquiring of said data.
This is why when you want to apply for credit, of any kind, you would need to
unfreeze your account to allow vendors to have access to all the data on you.
No data, no credit. But this is the protection. With out your credit score or
other information, like how well you pay your debts and your total amount of
debt, which is also incorporated in your credit score, no lender or credit card
issuer will accept you.
Steve
On 09/15/2021 10:02, Mary Schultz Klownmom wrote:
Maybe I missed something in a prior email but now I'm really curious. If you
have a credit freeze in place and you want to lift it for whatever reason, how
is there anything to report if you've had it frozen? Do they still monitor your
credit even though its not reported? What you are really freezing is just the
reporting?
Marilee
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On Wed, Sep 15, 2021 at 7:43 AM, marsha ackerman
<dmarc-noreply@xxxxxxxxxxxxx> wrote: True, but you can lift a credit freeze
for 24 hours on whichever credit bureau the company uses. I did that when I
bought my Subaru. If you have a smartphone you can do it online while you are
in their office. That’s easier than lifting it on all three and putting it
back on when you are done.
~ Marsha MarshaAckerman@xxxxxxxxx
On Tuesday, September 14, 2021, 5:59 PM, dpolhill <dmarc-noreply@xxxxxxxxxxxxx>
wrote:
Freezing credit can also be a pain. Ours is frozen and last year when we
bought the Lexus the dealer refused to take a check because they could not
confirm funds in my account. So we had to wire funds about 2 blocks from the
bank to the dealer. Also was denied a credit card couple weeks ago ... applied
to avoid losing 161,000 miles saved up on American airlines. DP In a
message dated 9/14/2021 2:10:49 PM Mountain Standard Time, sfgrob@xxxxxxxxxxx
writes:
A couple of days ago my wife got a letter from a bank in Omaha saying the
personal loan she applied for was rejected. Of course, she hadn't applied for
anything. It went on to say that she should contact Equifax with questions
and listed a number for them, but no call back number for the bank. Now, we
don't know if the letter is a scam trying to get us to call Equifax, at a
number listed that may not be legit, or that the letter was legitimate, and
Oki is a victim of Identity theft. By going through the BBB I found a number
to contact the bank that I trusted and called them. They were most helpful
and confirmed that indeed the letter was legitimate. Without asking, they
immediately opened a fraud/ID theft investigation and suggested we contact
Equifax immediately. Interestingly enough, the loan request was denied
because her credit score was zero. We speculated that because we had frozen
our credit reporting bureau accounts years ago that the lender was not able to
access her credit report, and hence, reported the score as zero. We called
Equifax and after a lengthy process of confirming Oki's identity, we confirmed
her account was still frozen so no inquiries were processed, resulting in that
score of zero. We also activated a fraud alert on her account, which will
also be activated with the other two credit reporting bureaus via Equifax,
that will be in effect for a year. So even though someone probably
(apparently) has enough data on my wife to apply for a fraudulent loan, the
credit freeze will protect us. If any of you do not have credit freezes on
your credit bureau accounts yet, you should seriously consider doing it
immediately. It saved our bacon! Stay safe, Steve To post, send email
to FHS-65@xxxxxxxxxxxxx and please be sure to sign all your posts and replies.
To post, send email to FHS-65@xxxxxxxxxxxxx and please be sure to sign all
your posts and replies.
