Remember to “Unfreeze” Your Credit

February 1, 2018

Following last year’s Equifax data breach, many people froze their credit-score accounts to safeguard them from potential identity theft. If you will be shopping for a home soon, you may face some hassles getting approved for a mortgage if you don’t remember to unfreeze your credit first.

Lenders tend to pull reports from the three main credit bureaus – Equifax, Experian and TransUnion – when approving a buyer for a mortgage.

You may want to take a day or two to unfreeze them before you apply, but definitely make sure they are all unfrozenbecause it could potentially cause an issue if (mortgage lenders) can only get one or two out of the three.

 

When you freeze a report, you’re often given a PIN that allows you to freeze or unfreeze the report at your own discretion. Or, you can contact the three nationwide credit bureaus to learn about unfreezing credit: