Credit Freeze & How to Lift One

By Matthew Elling
Co-Founder and Consultant at Line of Credit Depot
February 21, 2023

What is a Credit Freeze?

In today’s digital age, identity theft and data breaches are becoming increasingly common. One way to protect yourself from this type of fraud is to use a credit freeze. A credit freeze, also known as a security freeze, is a tool that allows you to restrict access 

to your credit report. 

When you freeze your credit, no one, including you, can access your credit report without your permission. This means that lenders and other entities that check credit reports won't be able to see your credit history.  When you apply for a Line of Credit, you will need to unfreeze your credit temporarily to allow a credit check, if required. A hard credit pull is NOT required here at Line of Credit Depot. Applying for credit will not affect your credit score

Apply for a Business Line of Credit at rates as low as 7.5%. How much are you looking for?

How To ‘Unfreeze’ Your Credit for a Business Line of Credit

  1. Decide How Long You Want to ‘Unfreeze’ your Credit

When you unfreeze your credit, you have the option to unfreeze it temporarily or permanently. If you are planning to apply for a Line of Credit, it is recommended that you lift the freeze temporarily. A credit check is not necessary here at LOCD, as we make determinations based on other determining factors. 

  1. Know Which Credit Bureaus You Have Frozen your Credit With

There are three major credit bureaus in the United States: 

You may have frozen your credit with one or all of these bureaus, so it’s important to know which ones you need to unfreeze. You can check your credit freezer status by visiting each bureau’s website and following their instructions.

  1. Lift the Freeze on Your Credit by Verifying your Identity

When you decide to lift the freeze on your credit, you will need to provide some personal information to verify your identity, such as your name, SSN, and DOB. Once the credit bureau has verified your identity, you can continue to that bureau’s specific process for removing a credit freeze. Once you have received confirmation, you may continue to Apply for a Line of Credit. If you are already in the application process, contact your Financing Specialist that the freeze has been lifted. 

We recommend that you remove the freeze before applying and place the freeze on your credit after you have received final approval and financing.

Before you apply, check to see if you qualify.

No application or obligation.