However, a freeze can limit how a creditor evaluates your credit application. Does Freezing Your Credit Hurt Your Credit Score?įreezing your credit does not impact your credit score or ability to apply for a loan or credit card. Once your child comes of age, you can unfreeze the files to allow them to seek credit independently. Legal written authorization to act on your child’s behalf.Government documentation verifying your status as a parent.Underage children typically only have credit if they are victims of identity theft or you establish them as an authorized credit card user to help build their credit history.īefore you can freeze credit for children under the age of 16, you must provide proof that you have the authorization to make the request. If your child is still a minor, one way to protect them from identity theft is to freeze their files until they come of age. Is Freezing Your Child’s Credit a Good Idea? In these situations, credit freezes are vital to protect your social security number. You should also consider freezing your credit if you experience a data breach or identity theft. Since freezing and unfreezing your credit is free, you can do so as many times and for as long as you wish. If you are not actively shopping for a new credit card or a loan, it may be wise to freeze your credit. We encourage you to contact the HSC Wealth Advisors team if you do not see an answer to your question. The following are frequently asked questions and answers regarding freezing credit. The policy may vary depending on the bureau, so ensure you understand your options before starting the process. If you do not want to unfreeze your account indefinitely, you can choose to unfreeze it for a specific time, like a day or a week. You can use the same phone numbers and web pages you used to freeze your account to unfreeze it. You receive unexplained bills or collection notices to your address in your name or someone else’s.You do not recognize new credit accounts or inquiries on a recent credit report.You see suspicious activity on your account.Some additional reasons to freeze your credit are: If you experience identity theft or multiple fraud attempts, a freeze may be necessary to keep your information safe. Copy of a military ID, driver’s license, or passportĮach major credit bureau can provide you with the information you’ll need to freeze your credit.Copies of tax documents, invoices, or bank statements.Proof of your address, like a utility bill.Your credit freeze process may also require: How you initiate the freeze, whether online, by phone, or by mail, may impact the information you need as well. Each credit bureau has its own requirements, but you can reliably expect to need the following: It is essential to gather all necessary documents before starting the credit freeze process to ensure it goes as smoothly as possible.
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