Ang
Ang's Avatar
Posts: 2,301
Credits: 20,792


Send message to Ang
Sub: #1 Credit Freeze??
Replied on 11-09-2007, 06:47 AM
Reply With Quote

Anyone have any info on this?? I just saw on GMA that u can put a freeze on ur credit where NO one excpet the creditors u already have can look at ur reports. Now keep in mind, if u want to get a cell phone or such, u have to UN-freeze ur report for them to run ur credit...
Good thing or not??
Thanks for any info,
Ang

__________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah


Moderator

Posts: 4,831
Credits: 41,595


Send message to cajunbulldog
Sub: #2
Replied on 11-09-2007, 07:00 AM
Reply With Quote

Ang A credit freeze is just what it says.No one can pull your report and the only ones that can review it are current creditors. Check out each bureau for more information.

__________________
Cajunbulldog
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.

Ang
Ang's Avatar
Posts: 2,301
Credits: 20,792


Send message to Ang
Sub: #3
Replied on 11-09-2007, 07:02 AM
Reply With Quote

Is it a good idea?? SO this will prevent CA's from pulling ur report too?
Thanks Cajun,
Ang

__________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah


Moderator

Posts: 4,831
Credits: 41,595


Send message to cajunbulldog
Sub: #4
Replied on 11-09-2007, 02:44 PM
Reply With Quote

The pros and cons are for you to decide. New creditors will not be able to see reports unless you unfreeze it.

__________________
Cajunbulldog
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com.../about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.

Ang
Ang's Avatar
Posts: 2,301
Credits: 20,792


Send message to Ang
Sub: #5
Replied on 11-09-2007, 02:53 PM
Reply With Quote

Right Cajun, i'd have to unfreeze it if i were to apply for any kinda credit but i dont' plan on doing that anytime in the near future!!!
Just wanted ur opinion as i value it tremendously!
Thanks,
Ang
P.S. Plz check out the CACH post with the dismissed case... that with or without prejudice confuses me! THanks again

__________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah

Posts: 288
Credits: 3,012


Send message to debtstinker
Sub: #6
Replied on 11-09-2007, 06:12 PM
Reply With Quote

Yeah looks like there could be perks and some negatives...for job seekers off the top of my head, if you freeze your account then the company you're applying to wouldn't be able to pull it. could be good could be bad. i think if you're hounded (and by you I don't mean you Ang with collection agencies and such, the freezing may not be a bad idea. i think it's a personal decision. I've heard of this long ago and did not think much about it until now, good topic!


Moderator

Posts: 6,871
Credits: 64,288


Send message to finsfan13
Sub: #7
Replied on 11-09-2007, 08:57 PM
Reply With Quote

Here's something I've always wondered..Is it really significant when someone checks your credit? Is it really that negative? It has never affected me in any way, but I'm curious.

__________________
26.2
Detroit Marathon, October 2009

Posts: 2
Credits: 95


Send message to kpatrick
Sub: #8
Replied on 11-09-2007, 09:18 PM
Reply With Quote

Hi Ang,

It's funny that you posted this topic, because I just wrote an article about this very topic two days ago...thought I would make it available to you.

I thought I would apologoize,in advance, for the lengthy post...
__________________
My name is Kim and I have worked as a Loan Officer in the mortgage industry since 1994.


Moderator

Posts: 6,871
Credits: 64,288


Send message to finsfan13
Sub: #9
Replied on 11-09-2007, 09:53 PM
Reply With Quote

kpatrick, thank you!! That is a wonderful post!

__________________
26.2
Detroit Marathon, October 2009

Ang
Ang's Avatar
Posts: 2,301
Credits: 20,792


Send message to Ang
Sub: #10
Replied on 11-09-2007, 10:37 PM
Reply With Quote

Welcome to the forum Kpatrick! Nice to see ya here and thanks a ton for all this information! It answers all of my questions!

Again thanks and hope to see u continue to post,
Ang

__________________
You will not be punished FOR your anger; you will be punished BY your anger. --Buddah




«Previous Thread | Next Thread»
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes
Linear Mode Linear Mode

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -8. The time now is 12:02 AM.





About Us | Contact Us | Privacy Policy | Affiliate | Sitemap | Espanol | RSS Feeds| Terms of Services
* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.047 seconds.