Freezing Your Credit: What It Means & Why It Matters

When it comes to protecting your financial future, one of the most powerful — and often overlooked — tools is the credit freeze. If you’ve ever worried about identity theft or unauthorized accounts being opened in your name, freezing your credit report can give you peace of mind. Best of all, it’s free and only takes a few minutes to set up.

What Is a Credit Freeze?

A credit freeze, also called a “security freeze,” is a lock on your credit file. When your credit is frozen, lenders and creditors can’t access your report — which means no one can open new credit cards, loans, or accounts under your name without your permission.

It’s important to note:

• A freeze doesn’t hurt your credit score.

• You can still use your current credit cards, auto loans, or mortgages.

• You’re in control — you can lift or “thaw” the freeze anytime.

Why Consider Freezing Your Credit?

Identity theft cases are on the rise, and criminals don’t always need your Social Security number to cause damage. With just a few pieces of information, they can attempt to apply for credit in your name.

A credit freeze:

• Blocks unauthorized applications before they start.

• Protects your good credit history.

• Adds an extra layer of security at no cost.

How to Place a Credit Freeze (Step-by-Step)

You’ll need to contact all three major credit bureaus to place a full freeze:

• Equifax: Freeze My Credit

• Experian: Freeze Center

• TransUnion: Credit Freeze

Each site will walk you through creating an account, verifying your identity, and setting a PIN or password. Once complete, your credit file is locked within minutes.

Living With a Credit Freeze

Freezing your credit doesn’t mean giving up control. You can temporarily lift (or “thaw”) your freeze whenever you’re ready to apply for new credit. Many bureaus allow you to:

• Unfreeze for a specific lender.

• Set a time period (ex: unfreeze for 1 week).

• Re-freeze instantly after.

Pros and Cons of a Credit Freeze

Pros:

• Strong protection against identity theft

• Free to set up and manage

• Peace of mind for you and your family

Cons:

• You’ll need to unfreeze before applying for credit

• Requires managing logins/PINs for each bureau

Final Thoughts

Freezing your credit is one of the simplest, most effective steps you can take to secure your financial health. Whether you’re actively repairing your credit or just want an extra layer of protection, it’s a smart move that costs you nothing but a few minutes of time.

✨ At Nygaard Credit Solutions, our mission is to help you Repair. Rebuild. Rise. If you’re ready to take charge of your credit journey, we’re here to guide you every step of the way.