topic Re: Freezing your CRs and Timelines. in Credit Cards

Freezing your CRs and Timelines.

travisr0 — Thu, 02 Apr 2015 22:28:09 GMT

Looking to go into a deep freeze for a while and continue gardening however had a question on it maybe someone can help me out with. I understand you have to pay a fee to do so, however once the freeze is in effect will that prevent my current CC companies from pulling a SP to grant me a CLI, or Auto CLI down the road? is a CR freezing only applicable to hard pull attempts for credit?

Re: Freezing your CRs and Timelines.

ojefferyo — Thu, 02 Apr 2015 22:32:51 GMT

@travisr0 wrote:
Looking to go into a deep freeze for a while and continue gardening however had a question on it maybe someone can help me out with. I understand you have to pay a fee to do so, however once the freeze is in effect will that prevent my current CC companies from pulling a SP to grant me a CLI, or Auto CLI down the road? is a CR freezing only applicable to hard pull attempts for credit?

Your current CCC can still SP you, yes a fee is involved. And yes only affects HP

Re: Freezing your CRs and Timelines.

Anonymous — Thu, 02 Apr 2015 23:40:26 GMT

Fee is 5 to 10 dollars . It won't effect your creditors but it does block report updates from places like credit seasame and credit.com .

Re: Freezing your CRs and Timelines.

macuserftw — Fri, 03 Apr 2015 01:06:17 GMT

I'm curious about this as well as I'm considering throwing my reports in the freezer to help curb the itch to apply for more credit. I need to garden!

Now, I understand that your current CC companies can still SP for CLI's while frozen while all other HP's are blocked. Still, will my reports still continue to update normally though MyFICO?

Re: Freezing your CRs and Timelines.

Anomalous — Fri, 03 Apr 2015 01:54:11 GMT

Depending on which state you live in, there may not be a fee to freeze/unfreeze your credit reports. I live in a state where I don't pay a cent.

Re: Freezing your CRs and Timelines.

Anonymous — Fri, 03 Apr 2015 02:14:01 GMT

Was also curious about this as well. When you want to freeze your reports you just call the individual bureau and set up a pin right?

Re: Freezing your CRs and Timelines.

TrueGeminiNC — Fri, 03 Apr 2015 02:29:16 GMT

@travisr0 wrote:
Looking to go into a deep freeze for a while and continue gardening however had a question on it maybe someone can help me out with. I understand you have to pay a fee to do so, however once the freeze is in effect will that prevent my current CC companies from pulling a SP to grant me a CLI, or Auto CLI down the road? is a CR freezing only applicable to hard pull attempts for credit?

Do some research. Some states require CRAs to provide security freezes free of charge. I previously resided in IL, however I am in NC currently and there is no charge to add or temporarily remove a freeze.

From my understanding, existing creditors will still have access to your credit reports. I recently got the DL AMEX SkyMiles card and AMEX required that I contact them and provide them with my pin number so that they could temporarily lift the freeze to process my application.

Additionally, when I attempt to purchae updated credit reports here via myFICO.com, I have to contact customer service for assistance. Also, I utilize Quicken 2015 to mange my finance. The new Credit Score feature in Quicken 2015 will not work with a credit freeze in place.

Re: Freezing your CRs and Timelines.

phillyguy12 — Fri, 03 Apr 2015 02:25:18 GMT

i have all 3 of my reports frozen about a yr now i think, was 10 ea, freezing does not effect current creditors, and will not have any effect on sp cli from existing cards- i just got a sp cli from discover, and i was able to get a soft cli from amx w/ no issue. as for myfico also no effect still get updates, as well as get updates from credit karma, perhaps because i already had them set up before the freeze but dont think so, because it shows as consumer request . you will however have issues opening new accounts, including bank accounts even if you have a relationship w/ them. if they try to do a pull you have to lift the freeze which cost 10 bucks, as others have said it varies by state

Re: Freezing your CRs and Timelines.

TrueGeminiNC — Fri, 03 Apr 2015 02:25:02 GMT

@Anonymous wrote:
Was also curious about this as well. When you want to freeze your reports you just call the individual bureau and set up a pin right?

I did everything online. Once you add a freeze, you will be given a PIN. With this PIN, you can log in online anytime to temporarily or permanently remove the freeze.

Re: Freezing your CRs and Timelines.

TrueGeminiNC — Fri, 03 Apr 2015 02:27:35 GMT

@phillyguy12 wrote:
i have all 3 of my reports frozen about a yr now i think, was 10 ea, freezing does not effect current creditors, and will not have any effect on sp cli from existing cards- i just got a sp cli from discover, and i was able to get a soft cli from amx w/ no issue. as for myfico also no effect still get updates, as well as get updates from credit karma, perhaps because i already had them set up before the freeze but dont think so, because it shows as consumer request . you will however have issues opening new accounts, including bank accounts even if you have a relationship w/ them. if they try to do a pull you have to lift the freeze which cost 10 bucks, as others have said it varies by state

@phillyguy12 - are you able to purchase reports from TransUnion or Experian with no problem? ScoreWatch works fine. However, when I attempt to refresh my TransUnion and Experian reports - I always have to contact myFICO.com to push everything through.

Re: Freezing your CRs and Timelines.

TrueGeminiNC — Fri, 03 Apr 2015 02:27:56 GMT

@phillyguy12 wrote:
i have all 3 of my reports frozen about a yr now i think, was 10 ea, freezing does not effect current creditors, and will not have any effect on sp cli from existing cards- i just got a sp cli from discover, and i was able to get a soft cli from amx w/ no issue. as for myfico also no effect still get updates, as well as get updates from credit karma, perhaps because i already had them set up before the freeze but dont think so, because it shows as consumer request . you will however have issues opening new accounts, including bank accounts even if you have a relationship w/ them. if they try to do a pull you have to lift the freeze which cost 10 bucks, as others have said it varies by state

Re: Freezing your CRs and Timelines.

bada_bing — Fri, 03 Apr 2015 03:01:56 GMT

@Anonymous wrote:
Fee is 5 to 10 dollars . It won't effect your creditors but it does block report updates from places like credit seasame and credit.com .

It was true that credit sesame couldn't pull through a freeze. They figured out how to do it about a month ago

and now can get updated data on frozen accounts. Credit Karma was always able to pull through a freeze.

MyFico couldn't do what what a free web site like Credit Karma was always able to do, which didn't give me

the greatest confidence in MyFico's technical expertise.

Freezing credit reports stops hard pulls. Opting out stops promotional SP. Both are worthwhile in my experience.

Neither one stops SP for a permissible purpose, which is what credit monitoring at a consumer's request is although

there are examples of credit monitoring services that haven't gotten their stuff straight yet.

Opting out is free.

Re: Freezing your CRs and Timelines.

phillyguy12 — Fri, 03 Apr 2015 04:11:09 GMT

I haven't tries a direct purchase of cr but i was able to get free reports via annualcredit report. Request w. No issues w. The exception of equifax

Re: Freezing your CRs and Timelines.

Imperfectfuture — Fri, 03 Apr 2015 05:18:33 GMT

@phillyguy12 wrote:
I haven't tries a direct purchase of cr but i was able to get free reports via annualcredit report. Request w. No issues w. The exception of equifax

Equifax never allows the free credit report for me. Had to go through BBB and stand my ground (they ask verification questions that have nothing to do with you, but have no problem selling you a report, nor providing data to the 3b I just ordered).

next year, if not get free annual report (even their reps say I qualify), then will go through BBB again to get my free report. (Stomping foot).