This New Law Lets You Freeze Your Credit Files for Free

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a new law provides free Credit Freezes and protection - One person handing a credit card to another
Starting September 21st, a new law lets you freeze and unfreeze credit with the three major credit bureaus – Equifax, Experian, and TransUnion – FREE! This law is part of the Economic Growth, Regulatory Relief and Consumer Protection Act signed by the President this past May.

Previously, it could cost up to $30 for consumers in select states to freeze their credit reports from these three major credit bureaus, which could double if they then needed to thaw their reports.

a new law provides free Credit Freezes and protection - a hand holding keys and a small house

A credit freeze helps you protect your personal information from credit fraud and identity theft since no one can access your credit files or fraudulently open a new account in your name. A credit thaw allows an authorized third party to perform credit checks when you buy (or rent) a home, rent a car, sign up for utility services or a cell phone plan, or apply for a job.

You can set up a credit freeze by phone or by filling out a form on the website of each of the three credit bureaus – Equifax, Experian, and TransUnion. You’ll receive a PIN that you must use to lift or “thaw” the freeze if you want to apply for a mortgage loan or a new credit card.

Credit Score

Plus, fraud alerts will now last for one year, instead of the former 90 days. A fraud alert tells any business that runs your credit that they should check with you before opening a new account.


Join The Discussion

Comments 18

  1. DebY

    one of the best financial advice ever. Freeze your credit, freeze your kids so number. You can unlock it when needed but you don’t need it accessible every day.

  2. hip2trade

    I froze mine months ago at some cost. I’m assuming I could unfreeze it for free now?

    • Alex

      You could always unfreeze it for free – it was just the freezing part that cost us!

  3. Eka

    Will this new law allow me to freeze my daughters credit??? I want to do that!!

    • Mary (Stellar Sidekick)

      According to the FTC, starting September 21st, no matter where you live, you’ll be able to get a free credit freeze for children under age 16. Hope that helps! 🙂

    • TM

      Thanks for the info! My daughter’s SS card was stolen from the mail when she was born. I still haven’t made it through all of the freezing hoops, hopefully this simplifies it!

  4. Tonya

    Thank you so much for keeping us informed of new laws to protect our credit!

  5. AilineAZ

    Thank you Mr. President!

  6. Susan H

    I believe you can freeze it for free but it still costs you to lift the freeze. Or am I wromg?

    • Mary (Stellar Sidekick)

      I believe after tomorrow, it will be free to “thaw” or unfreeze your credit freeze as well.

  7. Tina

    Thank you Mr. President and thanks for sharing, I had no clue you could do this.

  8. Lue

    Keep in mind, if you do freeze your credit, you can still *possibly* be a victim of identity theft *if* a thief tries to use your name (identity theft) and open an account in your name, and the issuing credit card company does not check first to see if you are legal or find it frozen.

  9. ifoundit

    Thank you for the info

    • Collin (Mrs. Hip)

      You’re very welcome!

  10. Shaun Z

    I checked out all three websites and they all have a monthly fee of $19.95 how is this free am i missing something here? Please tell

    • Brenda

      He post states the new law starts on Sept 21.

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