Frozen CR and CLi

[Kennie02]

So I recenlty lost my wallet and I decided it would be a good idea to freeze my reports for 90 days. Just to make sure nothing funny would happen. Anyhow, I am just wondering if that will affect any CLI's that I request with the Luv button. I wasn't planning on requesting any cli's now but I was told that I could request on extension for another 90 days after the first freeze. I am just trying to decide whether to get another freeze or not. Also this may be a silly question but does the freeze also affect whether or not I get a response from the preapproval links from sites like discover or citi?

Thanks!

[Kennie02]

+1

[Kennie02]

I saw from someone else's post that SP are still possible with frozen CR. As long as I haven't opted out right? Someone let me know if I am right about this.... 

[Ghoshida]

My understanding:

1. Credit freeze means (a) new creditors cannot process your application unless you unfreeze, and (b) random hard pulls won't happen.

2. Under a credit freeze, with or without opt-out, your current creditors can access your file and offer you a credit increase. 

3. Opting-in or out of the prescreen has nothing to do with credit limit increases. It's simply a marketing-related process.

4. While your credit is frozen, if you are opted-in, you can see whatever new offers are available for you. But unless you unfreeze the reports, your application for new offers (whether pre-approved or not) won't go through.

[avv7c0]

Let it go?

Sorry, terrible joke but I couldn't resist.

[navigatethis12]

---

@Ghoshida wrote:

My understanding:

2. Under a credit freeze, with or without opt-out, your current creditors can access your file and offer you a credit increase. 

---

This is what the bureaus say, but I've always been told they can't access it because it's frozen. It seems their system can do soft inquiries, but if a human attempts to do it or a hard, they can't.

[striehl8212]

---

@avv7c0 wrote:
Let it go?

Sorry, terrible joke but I couldn't resist.

---

hahaha. Good one! and good movie!

[Ghoshida]

---

@navigatethis12 wrote:

---

@Ghoshida wrote:

My understanding:

2. Under a credit freeze, with or without opt-out, your current creditors can access your file and offer you a credit increase. 

---

This is what the bureaus say, but I've always been told they can't access it because it's frozen. It seems their system can do soft inquiries, but if a human attempts to do it or a hard, they can't.

---

On another thread, there was a long discussion on this. The jury is not out, probably.

Technically, an existing lender probably can access the files, but it is possible that the inquiry process becomes complicated. 

One purpose of putting CRs into a freezer is to avoid hard inquiries; even from existing lenders. I'll actually be very disappointed if I saw HPs on my frozen reports. If you do want HPs, you can always lift your freeze.

[Ghoshida]

---

@avv7c0 wrote:
Let it go?

Sorry, terrible joke but I couldn't resist.

---

The HPs never bothered me anyway?

[baller4life]

I know for a fact GECRB cannot access frozen TU for cli. Been there,tried that!. Paid $10 to thaw TU only to be denied increase. I was NOT a happy camper!!