Should You Freeze Your Credit?

Had a great question for Just Ask dad today and it was regarding credit reports and should you put one of those freezes or alerts on your credit reports? And the quick answer is yes, it's a good idea. There is absolutely in today's world such an opportunity to have fraud that commits on your credit and it is almost impossible to get reversed once it happens. So it's something that's free. It's something that's really pretty easy to do and it stops or prevents the probability that you're going to have new fraud committed or new credit cards created. And there are horror stories out there. The downside is when you go to apply for credit, it will not let anybody pull your credit. So if you're going to do that, you want to be aware of that. And when you're going to be pulling out for a mortgage or a car loan or first getting a new credit card, you'll need to actually release that freeze on your account.