What Does Credit Freeze Mean?
A credit freeze occurs when an individual freezes his or her credit report. This may occur when credit card theft or identify theft has taken place. Credit may also be frozen when a consumer desires more control over her credit report. Credit freezes are most often done as a temporary measure to protect the cardholder's finances or to lessen the transparency of a person's credit report. A credit freeze may also freeze a person's credit report, blocking the opening of new accounts under that person's name.
