Has anyone gone through the process of having your credit rating frozen? Pros and cons?

Answer 1

Yes, I have done it. You just contact any one of the three credit rating agencies, and by placing a freeze there, they will request the freeze across all three.

Pros: It will be much harder to have your identity stolen, because you have to jump through more hoops to get credit in your name. It will give you piece of mind that the agencies are watching your credit more closely, and will contact you if there are changes.

Cons: It will be much harder to get credit, because you have to jump through more hoops to get credit in your name. You have to renew the freeze every 90 days, as it is only temporary.

Best of luck to you!!

Answer 2

I am not sure exactly what your talking about....but I think you may mean contacting the 3 credit bureaus and having them flag your SSN to make it much harder for you (or someone who pretends to be you) to get loans and credit cards.
There is no harm in it. It will just require a few mroe steps to get lines of credit. it s a good protective measure if you fear identity theft.
You may also want to look into indentity theft insurance (if this is your fear) at zanderinsurance.com
Hope I guessed right, if not then I apologize

Answer 3

it's ok if u have a problems in the past with your credit rating but it's only temporary