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Read my comment below. A similar service already exists with all the credit bureaus. It's called a "credit freeze". How it works is when you're about to apply
by keltex 16y ago
Read my comment below. A similar service already exists with all the credit bureaus. It's called a "credit freeze".
How it works is when you're about to apply for credit somewhere, you ask them "what bureau are you checking?" Then you go online to that bureau and temporarily "thaw" your credit just for that inquiry. And there's a nominal charge for this service.
- mos1 16y agoI have this on my account, and you don't need to go online to "thaw" it. The bureau calls you and asks "did you just apply for an auto loan at a Hyundai dealership in Florida?" and you reply "no, no I didn't", they say "okay, have a nice day", and that's that. At least that's what happened when somebody tried to use my identity to buy a Hyundai in Florida.
- zaatar 16y agoWhat you described was not the 'thaw' scenario, but rather, what credit freeze is supposed to do, by design. The 'thaw' scenario would kick in if you were to legitimately apply yourself for an auto loan at a Hyundai dealership in Florida, and have that loan not be rejected.
- mos1 16y agoWhen I've applied for credit, I got the same phone call but said "yes, that's me", and everything went through.