What is a Credit Freeze? And Should you Use it?

In light of the massive Equifax hack, their deficient response, and the subsequent consumer panic from the 143 million compromised Americans (read: everyone who has ever applied for credit) that has ensued, I wanted to dive a little bit deeper in to one specific proactive measure that readers can utilize to protect themselves from identity theft fraud – a “credit freeze”. You’ve likely been considering using a credit freeze, so I wanted to give the tool a 20somethingfinance breakdown and my take on whether or not you should use it. Let’s first start with the...

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