There’s Never Been a Hotter Time to Freeze Your CreditUntil the Equifax Inc. hack, many consumers didn’t know what a credit freeze was. Now, the credit-reporting company’s massive data breach has people reaching for the tool, a move that could have a host of implications for both consumers and the financial industry. A freeze typically prevents lenders from accessing a potential borrower’s credit report, although it doesn’t affect existing credit arrangements such as outstanding loans or cards.


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