Posted on November 1, 2008 at 7:48 pm I heard on the radio (I'm a talk radio nerd) and they were discussing the option to freeze your credit report.  This seems like an amazing way to make sure you do not get your identity stolen (which was the topic) but I also thought, wouldn't that be a great way to make sure you do not get yourself farther into debt?  Have any of you done this?  I am curious as to how well it works, and if it has costs.  I know for my liquid cash (that which is used for the unknown expenses) I didn't trust myself to NOT spend it, so I put it in a Money Market account that has certain limits to how often I can get at it.  I did this because if there was a penalty for over-using it I would not be as likely to rely on it!  Does that sound reasonable?

Posted on February 14, 2009 at 5:35 am I never really heard of freezing my credit report. I feel as if i would want to know if something were to happen to it. what does that mean exactly to freeze it. I feel like if you froze it and something happened to it, you wouldn't know because it was frozen. But i dont really know what "frozen" means. Can you let me know? La Broi Walton www.keyingsuccess.com

Posted on April 7, 2009 at 2:14 pm You can place a fraud alert on your credit report by contacting the credit bureaus. This alert will prevent others from opening credit cards, home equity lines of credit, etc, in your name.These alerts to my understanding will expire in 90 days from the day you place them. The downside to this is that if you're not the victim of identity theft, and you personally try to open a new credit card for example, it may get rejected because of the fraud alert. You would have to call the credit reporting agency and notify them you're in the process of opening a new account.Freezing your credit report or placing a fraud alert can also be achieved by contacting companies like Lifelock, who will place a fraud alert on your behalf with the credit bureaus and keep renewing it every 90 days, which can be very convenient.

Posted on April 7, 2009 at 2:36 pm Is it true? I never heard of freezing "credit report".