What does it mean to put a security freeze on my credit report?
Placing a security freeze (also called a credit freeze) on the credit reports of both you and your care receiver is a smart step to help protect against identity theft. It restricts access to your credit file, making it much harder for someone to open new credit accounts in your name—or your loved one’s—without permission.
You can still pull up your own credit reports when they’re frozen, and lenders can check your reports to manage accounts you already have with them. Additionally, certain other entities, such as employers who want to analyze a job candidate’s credit history or landlords who need to screen a potential tenant’s credit, may be able to access credit reports while a freeze is in place
What a Security Freeze Does
A security, or credit, freeze blocks lenders and other creditors from viewing your credit report. Since most creditors won’t approve a loan or credit card without accessing this information, the freeze essentially shuts down one of the key tools identity thieves use.
Why It Matters
A freeze can:
Prevent fraudsters from opening new accounts using stolen information
Protect vulnerable individuals, especially older adults or those with cognitive decline, from financial exploitation
Provide peace of mind for caregivers juggling multiple responsibilities
How to Set It Up
You’ll need to request the freeze from each of the three major credit bureaus:
You can do this online, by phone, or through the mail.
How to Lift or “Thaw” It
If you or your care receiver needs to apply for credit (e.g., for a loan, utility account, or rental housing), you can temporarily lift the freeze. This can also be done online, by phone, or by mail—usually within minutes if done electronically.
Good to Know
Security freezes are free to place, lift, or remove.
They do not affect your credit score.
A freeze won’t block all types of fraud, such as tax identity theft or misuse of existing accounts, but it’s a strong first defense for preventing new account fraud.
By Zanda Hilger, LPC, Founder, Family Caregiver & Program Manager for Family Caregivers Online
Reference: Kiplinger.com
We hope this information is helpful to you in the important work you do as a family caregiver.
For more resources, subscribe to our free newsletter!
