topic Re: Will freezing prevent companies from doing SP? in Credit Cards

Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 00:34:00 GMT

Seriously thinking of putting all 3 on ice. Have a few questions regarding freezing. Will my current creditors still be to SP me for future cli? Do my reports still continue updating monthly with all my accounts and loans? Will future companies be able to send offers of credit or will the "shopping cart trick" be deactivated due to the freeze? Will I get pop ups anymore? What else is entailed in freezing.... Can and cants? Help me understand a bit better. Is freezing also opting out too? I don't want to opt out, thanks

Re: Will freezing prevent companies from doing SP?

Ghoshida — Mon, 27 Oct 2014 00:54:29 GMT

@pizza1 wrote:
Seriously thinking of putting all 3 on ice.
Excellent idea.

Have a few questions regarding freezing.
Bring 'em on!

Will my current creditors still be to SP me for future cli?
YES

Do my reports still continue updating monthly with all my accounts and loans?
YES

Will future companies be able to send offers of credit or will the "shopping cart trick" be deactivated due to the freeze?
YES, as long as you're not opted out of prescreen. I got my Chase offers like that.

Will I get pop ups anymore?
Not sure, I don't do SCT.

What else is entailed in freezing.... Can and cants? Help me understand a bit better.
You will get your periodic credit scores (Discover, DCU, Barclay's, Credit Karma, Cap One, US Bank EX Plus Score) and reports (annualcreditreport.com, Credit Karma, TU, EX, EQ sites). You won't get access to CreditSesame or Credit.com FAKOs.
If a new lender / bank is making a new decision (not pre-approval) and require to either HP or SP your report, they will ask you to unfreeze your report first. However, your existing lenders can mostly go through the freeze.You can choose to unfreeze for a particular lender (one-time password) or for all lenders for a particular amount of time, or forever.

Is freezing also opting out too? I don't want to opt out, thanks
NO. You need to opt-out separately if you so wish; otherwise the two are not the same.

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 01:08:05 GMT

Goshida... Wow! Thank you so much!!! I was wondering if I would still be able to get my scores from Barclays, DCU, and Walmart. Thanks for answering all that!!!

Now... Best way to put them on ice? Phone or online? Also, what if I was denied credit last month, should I get my free report first before doing this, and try to fix some address issues before freezing? I really appreciate your help!! Thank you

Re: Will freezing prevent companies from doing SP?

Ghoshida — Mon, 27 Oct 2014 01:29:45 GMT

@pizza1 wrote:
Goshida... Wow! Thank you so much!!! I was wondering if I would still be able to get my scores from Barclays, DCU, and Walmart. Thanks for answering all that!!!

Now... Best way to put them on ice? Phone or online? Also, what if I was denied credit last month, should I get my free report first before doing this, and try to fix some address issues before freezing? I really appreciate your help!! Thank you

You are welcome.

Best way: I don't know if there is one way better than the other. I was able to do TU online, EX wasn't easy online but through auto-line on phone, and EQ was the least tech-friendly as they continue to keep saying I cannot be verified. So they had to be done by mail.

You can get your free report(s) first; but really the two processes are independent of each other. I was able to raise a dispute with TU with my freeze still on.

Re: Will freezing prevent companies from doing SP?

Creditaddict — Mon, 27 Oct 2014 01:34:47 GMT

pretty sure it locks you out of macys and bloomingdale cli and also GE/SYNC! don't know why but always has seemed to keep me from getting CLI's at these places with frozen reports.

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 01:37:39 GMT

Mmmm, CA... Well, that just will not do then! I guess I'll freeze my reports once I've got all my GE cards where I want them! Lol!!! What will I have to rant about ??

Re: Will freezing prevent companies from doing SP?

Anonymous — Mon, 27 Oct 2014 01:38:57 GMT

@pizza1 wrote:
Mmmm, CA... Well, that just will not do then! I guess I'll freeze my reports once I've got all my GE cards where I want them! Lol!!! What will I have to rant about ??

Start a countdown of how long you'll be in the garden... LOL

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 01:42:13 GMT

Jon... Apparently it's now, lol!! Not getting approved anymore for anything, and this year of rebuilding tore me up!!! I'm gardening for at least ONE year, at that point my Bk will be 2 yrs old, and DCU wants a minimum of 2 yrs of rebuild post a bk to be considered, so I will try them next November maybe.

Re: Will freezing prevent companies from doing SP?

Anonymous — Mon, 27 Oct 2014 01:43:15 GMT

be strong! freeze dem credit reports!

Re: Will freezing prevent companies from doing SP?

Anonymous — Mon, 27 Oct 2014 01:44:34 GMT

@pizza1 wrote:
Jon... Apparently it's now, lol!! Not getting approved anymore for anything, and this year of rebuilding tore me up!!! I'm gardening for at least ONE year, at that point my Bk will be 2 yrs old, and DCU wants a minimum of 2 yrs of rebuild post a bk to be considered, so I will try them next November maybe.

Maybe try apping for one next mid-December, so you'll have a shiny new CC xmas morning.

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 01:44:39 GMT

I'm gonna try and be strong lol!!!

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 01:50:17 GMT

That's my plan Jon... I WAS gonna try and garden for 2 yrs, but that seemed like forever and not doable to me, so ill take it one year at a time, that's seems better for me to comprehend, lol!!! Anyway... I got membership at DCU a few weeks back checking and savings..(checking to watch progress on EQ), and spoke with lending about their basic visa. She said that their policy to consider an app with a bk is 2 yrs post discharge, and they like to see a minimum of 2 yrs of actual rebuild as well. I have one yr of actual rebuild now, so next August will be 2 yrs post and November will be 2 yrs of actual rebuild. I will apply for their visa then, ready to recon if needed

Re: Will freezing prevent companies from doing SP?

pip3man — Mon, 27 Oct 2014 01:53:57 GMT

@pizza1 wrote:
Seriously thinking of putting all 3 on ice. Have a few questions regarding freezing. Will my current creditors still be to SP me for future cli? Do my reports still continue updating monthly with all my accounts and loans? Will future companies be able to send offers of credit or will the "shopping cart trick" be deactivated due to the freeze? Will I get pop ups anymore? What else is entailed in freezing.... Can and cants? Help me understand a bit better. Is freezing also opting out too? I don't want to opt out, thanks

First hand experience coming from someone who got a freeze on all 3 bureaus.

yes your current creditors would still be able to SP you for account review procedures. In my case I'm able to see all the SP activity initiated by my creditors on EX & EQ.

YES ur reports will continue updating monthly with all your accounts and loans.

NO future companies WILL NOT BE ABLE to send you prescreened offers of credit because once u have the freeze it prevents any creditor from obtaining any credit info about u. Almost similar in function with opting out. It may also affect the shopping cart trick!

Depending on the creditor, a freeze may prevent even your current creditors from being able to increase your CL. In my recent experience, Macy's & SYNCB can't CLI me due to the freeze. The verbal and written letters from them cited the freeze as the reason they can't up my limit upon request.

depending on you state laws, you almost always have to pay a fee when attempting to place/lift a freeze unless u have been a fraud victim with a copy of ur police report on file with the bureau. In my case, I've never had to pay for it. You get a pin which u use anytime u wanna temporarily/permanently lift the freeze. Bottomline I do not recommend it (IMHO) cos it hinders a lot of things. I'll be removing mine pretty soon. Good luck on whatever u decide!

Re: Will freezing prevent companies from doing SP?

Anonymous — Mon, 27 Oct 2014 01:54:00 GMT

@pizza1 wrote:
That's my plan Jon... I WAS gonna try and garden for 2 yrs, but that seemed like forever and not doable to me, so ill take it one year at a time, that's seems better for me to comprehend, lol!!! Anyway... I got membership at DCU a few weeks back checking and savings..(checking to watch progress on EQ), and spoke with lending about their basic visa. She said that their policy to consider an app with a bk is 2 yrs post discharge, and they like to see a minimum of 2 yrs of actual rebuild as well. I have one yr of actual rebuild now, so next August will be 2 yrs post and November will be 2 yrs of actual rebuild. I will apply for their visa then, ready to recon if needed

+1 Resist the urge to app, pizza. There will always be more sign-up bonuses.

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 02:01:32 GMT

Jon.... Ill resist the urge to app until next November

Mister... Thank you for all that info!! Same as what CA said, and we know how we want those cli from Synch!!! Lol!!! I think I just need to learn patience and determination that things will come to me eventually later down the road. I'm gonna try and garden... It's a daily struggle, but I'm sure it will get easier

its kinda hard because MJ isn't around anymore to encourage me and ride my butt about it!!!

Re: Will freezing prevent companies from doing SP?

Ghoshida — Mon, 27 Oct 2014 02:26:30 GMT

@pizza1 wrote:
Jon.... Ill resist the urge to app until next November

Mister... Thank you for all that info!! Same as what CA said, and we know how we want those cli from Synch!!! Lol!!! I think I just need to learn patience and determination that things will come to me eventually later down the road. I'm gonna try and garden... It's a daily struggle, but I'm sure it will get easier

its kinda hard because MJ isn't around anymore to encourage me and ride my butt about it!!!

I would recommend you to freeze your reports soon.

While I did not face problems with pre-apps, if you do get the pop-ups blocked, that will be good in the long run.

Even 6 months of freezing does a lot of good. I'm testimony to that.

Re: Will freezing prevent companies from doing SP?

wacdenney — Mon, 27 Oct 2014 02:30:03 GMT

No apps for me in 2015. No more after this month till 2016. Technically I still have a week but it doesn't really matter because I can't get approved for anything else I want anyway. So I'm in the same boat you're in. I'll be right there with you!

In addition to no new apps I might close a few as well. Probably not, but maybe...

Re: Will freezing prevent companies from doing SP?

pizza1 — Mon, 27 Oct 2014 02:53:54 GMT

WAC!! Same here!!! I've got a few store cards I'd like to close at the year mark, to set myself up better for the majors. They were great starters for me after my bk, but I don't want the "open" limits of $200 showing after next yr.

Re: Will freezing prevent companies from doing SP?

wacdenney — Mon, 27 Oct 2014 03:02:51 GMT

@pizza1 wrote:
WAC!! Same here!!! I've got a few store cards I'd like to close at the year mark, to set myself up better for the majors. They were great starters for me after my bk, but I don't want the "open" limits of $200 showing after next yr.

Agreed!! I know some people don't feel the same way but I always felt like the lower limit cards were holding me back. At this point, I'm more just thinking about thinning the heard to make room for higher limits moving forward.

I'm actually planning to forget it all in 2015. No worrying about <10% util on one card all the time and whatever else. I have a son turning 16 December of next year so I'm not going to sweat it until I need to optimize my scores for that. After I make that new car purchase, it's going to be on like Donkey Kong!!

Re: Will freezing prevent companies from doing SP?

ronstar7 — Mon, 27 Oct 2014 13:55:33 GMT

@pizza1 wrote:
Seriously thinking of putting all 3 on ice. Have a few questions regarding freezing. Will my current creditors still be to SP me for future cli? Do my reports still continue updating monthly with all my accounts and loans? Will future companies be able to send offers of credit or will the "shopping cart trick" be deactivated due to the freeze? Will I get pop ups anymore? What else is entailed in freezing.... Can and cants? Help me understand a bit better. Is freezing also opting out too? I don't want to opt out, thanks

Funny, everyone says no but it did for me. This is with my existing creditors, they could not do a soft pull. Also to add Credit Karma, Credit Sesame , and MY Fico specifically told me via message and phone that they could not update due to the freeze, I was having issues with that and I contacted them and that is what they told me. YMMV I guess...