The Relationship Between Millennials and Credit

Here is a great infographic from the folks at Avant.com discussing the relationship between millennials and credit. Why is their credit score below average? Here’s an interesting look at some of the details between millennials and credit. The Relationship Between Millennials and Credit Where Millennials stack up against the U.S. Credit Score Average U.S. Credit … Read more

When You Should Consider Freezing Your Credit Report

Consider Freezing Your Credit ReportWhen should you consider freezing your credit report? Your credit score is one of the keys to your finances. Companies use it to determine what interest you will pay, if you are even qualified for a loan, use it to make hiring decisions, and even use it in determining how much your car insurance premium will be.

Certain events could make you want to take action freezing your credit report like being the victim of identity theft. Here is a step-by-step way to freeze your credit score to help you protect it.

Why Freeze Your Credit Report

Freezing your credit score is not a decision you should take lightly. If you believe your identity could have been stolen, you should consider a credit freeze to help you protect your credit score from further damage. When you freezing your credit report, you prevent others from accessing your credit, opening new accounts, taking out loans, and taking other actions that can harm your credit score.

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