The best time to have frozen your credit reports at all three agencies was many many years ago. The second best time is right now. Not tomorrow. Now.
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4·3 months agoThey want to use the public space for that.
Wait. Am I reading this right? Their punishment for doing something that they weren’t supposed to be doing is just to stop doing it?
No, it just prevents banks, etc from checking your credit score/rating, which prevents anyone from opening a new account under your name. When YOU want to open an account, you temporarily unfreeze it for a couple days so that the institution you’re opening an account at can check, and then refreeze it.
The credit agencies will continue monitoring how much credit you have and how well you pay your bills and adjust your score accordingly. Freezing has no effect on that.