Thursday 9 July 2020
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wn.com - 9 days ago

Credit Freezes And Your Mortgage

MoneyTips Few things are more effective at fighting identity theft than credit freezes. When you freeze your credit, potential lenders can t access your credit file to assess the risk of lending money to you. No risk assessment means no credit – so identity thieves can t use your stolen information to create fake accounts in your name. You can t open new credit accounts in your name, either. When you re ready to shop for a new home or refinance your existing one, you must temporarily remove (thaw) the freeze so lenders can assess your credit. Fortunately, the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 removed credit freeze barriers by making them free and...


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