Protect Your Credit Card From Fraud
- One way to prevent credit card fraud is to place a free credit freeze on your credit report.
- A credit freeze prevents new credit from being filed.
- In the case of fraud, a credit freeze prevents fraudsters from being able to attain new credit.
One way to prevent credit card fraud is to place a free credit freeze on your credit report. With a freeze, new credit applications will automatically be declined because lenders will not be able to pull your report. A credit freeze is helpful because if your credit card information ends up in the wrong hands, the fraudsters cannot apply for new credit.
The benefit of a credit freeze is that it prevents your credit score from being affected. When you realize your information is stolen and decide to implement a credit freeze, the credit thieves will not be able to take advantage of the stolen credit information and open a new credit line. As a result, the credit freeze will prevent new credit from being issued and help ensure your credit score remains intact.