Freezing your credit is an excellent way to protect yourself against identity theft in a world where data breaches and hacks are becoming more and more common. During the 2017 Equifax data breach, for example, over 140 million Americans had their personal information exposed.
Freezing your credit reports can help prevent identity thieves from using leaked personal information to apply for credit in your name; if a thief did use your information to request credit, the lender would attempt a credit inquiry, learn that the credit reports were frozen, and deny the request.
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