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voluntary credit freeze: downsides??
Posted by: kal, May 13, 2015 12:14AM
I am thinking of putting a freeze on my (and wifeís) credit reports at the three agencies as a preventive measure for id theft. However, in the past year, as I have opened up CDs at various credit unions, I notice that the credit union did a credit report on me as part of the opening process. This seems a bit strange, since, if my initial check clears, what is the risk for the credit union? Maybe itís a Homeland Security issue?

So, my question is: what are the downsides, if any, of such a credit freeze, given that I do not anticipate needing any loans or new credit cards in the forseeable future? I may be opening up new CDs at new credit unions, however. TIA!



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