Credit Freezes and Unfreezes
What is a credit freeze and unfreeze?
A credit freeze controls whether a lender can perform a credit check on you or not. It blocks “hard inquiries” completely, which immediately damage your credit score. Freezing your credit prevents both you and a potential identity thief from opening new accounts in your name.
Closed and protected.
When your credit is frozen, you are “closed” from opening new accounts, and more protected from identity theft.
A valid third party may still access a frozen report for collection activities, review of existing accounts, child support collection, and court orders.
Unfreezing is free and only takes a few minutes to do manually. Unfreezing opens your credit report to be accessible to lenders who have a permissible purpose to access it. We recommend you re-freeze your credit immediately after getting approved for your new account.
Open, but Vulnerable
When your credit is unfrozen, you are “open” to apply for new accounts, and much less protected from identity theft.
How long does it take before a freeze/Unfreeze is active?
Typical Processing Time
A few seconds
A few seconds
FTC Law the Bureaus must follow
One Business Day
Typically it only takes a few seconds from requesting the freeze/unfreeze online until the bureau activates it. However, the Federal Trade Commission technically allows the bureaus a full business day to process an online freeze request, and one hour for an online unfreeze request.
Why should I freeze my credit?
Freezing your credit is a free and basic way to protect yourself from major identity theft. You can unfreeze it at any time in a few minutes.
With a credit freeze in place at all three credit bureaus, no lender can perform a credit credit on your files. Since lenders require a credit check to extend a line of credit, a credit freeze prevents any new accounts from opening. If, for example, an identity thief had all of your most sensitive personal information, he or she would be unable to open a new account in your name.
Does a credit freeze affect my credit score?
No, a credit freeze (or unfreeze) does not affect your credit score in any way.
It also does not:
- Applying for a job, renting an apartment, or buying insurance.
- Prevent an identity thief stealing and using your existing accounts.
- Prevent you from getting your free annual credit report.
You should still monitor all financial statements for fraudulent transactions. Freezing your credit only protects you against the major identity theft of someone opening an account in your name.
Will I still be able to use my cards if my credit is frozen?
Yes, your cards will work exactly the same as they did before. If your credit is frozen, then you will be blocked from opening a new credit account. You also won’t be able to request a credit line increase.
That said, you still should monitor all financial statements for fraudulent transactions.
Isn’t it possible to freeze/unfreeze my credit over the phone?
Yes, you can freeze and unfreeze your credit at each bureau via the phone, in addition to by mail. Snowcap.Me only supports freezing and unfreeze via the web, but if you’d like to try the phone-based method, here are the phone numbers to each bureau:
I am a journalist/blogger and want to write about Snowcap.Me – do you have branding assets?
Yes, please contact us and we will provide what you need.
“Snowcap” is a nod to something secure (a mountain) and something cold (snow). We figured there are fun design and branding aspects in mountains and snow instead of a generic name with “credit” in it.
How does Snowcap.Me make money?
Snowcap.Me will always have a free option, but we partner with the Bankrate network (which includes The Points Guy and Creditcards.com) to display credit-related advertising. Clicking on those ads and applying for credit is the best way to support our mission. Here’s how it works:
- You use Snowcap.Me to unfreeze your credit with the 3 credit bureaus.
- After unfreezing, we present credit card offers, product recommendations, and promotions that could help save you money or earn rewards.
- We earn a commission paid by the lender or bank.