Comments on: TransUnion Discontinues Free Credit Freezes http://www.elusivewealth.com/2009/06/08/transunion-discontinues-free-credit-freezes/ Demystifying Personal Finance Tue, 20 Jul 2010 13:01:44 +0000 hourly 1 http://wordpress.org/?v=abc By: Tom http://www.elusivewealth.com/2009/06/08/transunion-discontinues-free-credit-freezes/comment-page-1/#comment-16 Tom Fri, 12 Jun 2009 00:57:24 +0000 http://www.elusivewealth.com/?p=133#comment-16 Greg: Thanks for your question. Freezing credit does require you to "thaw" your credit report if you want to obtain new credit. Usually you can ask the potential lender which bureau they check, and thaw it only for that bureau. This usually requires going on line an entering a PIN that you receive when you froze your report. To me monitoring is mostly reactive where freezing your credit is more proactive. Monitoring is something you can do for free by checking your report through annualcreditreport.com. Although it requires a little more diligence (by checking your reports through annualcreditreport.com you must check periodically, whereas with monitoring you can have alerts). Greg: Thanks for your question. Freezing credit does require you to “thaw” your credit report if you want to obtain new credit. Usually you can ask the potential lender which bureau they check, and thaw it only for that bureau. This usually requires going on line an entering a PIN that you receive when you froze your report.

To me monitoring is mostly reactive where freezing your credit is more proactive. Monitoring is something you can do for free by checking your report through annualcreditreport.com. Although it requires a little more diligence (by checking your reports through annualcreditreport.com you must check periodically, whereas with monitoring you can have alerts).

]]> By: greg davis http://www.elusivewealth.com/2009/06/08/transunion-discontinues-free-credit-freezes/comment-page-1/#comment-15 greg davis Thu, 11 Jun 2009 16:06:31 +0000 http://www.elusivewealth.com/?p=133#comment-15 what is the benefit of freezing credit - doesn't it just make it harder to get credit and to get things that check credit like insurance? Seems like I should just get credit monitoring instead. greg what is the benefit of freezing credit – doesn’t it just make it harder to get credit and to get things that check credit like insurance? Seems like I should just get credit monitoring instead.

greg

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