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How to Unfreeze Your Credit



How to Unfreeze Your Credit Title Image

Maybe you put a freeze on your credit if you’ve been a victim of identity theft or want to protect yourself from it. When you apply for a credit card, loan or mortgage, the lender will need to run a credit check. That means you’ll need to unfreeze your credit with one, two or all three of the credit bureaus—depending on which ones the lender pulls credit reports from. 

You must request unfreeze your credit with each bureau individually. Placing, temporarily lifting or permanently removing a security freeze on your credit is free by federal law. There is no limit to the number of times you can unfreeze your credit. A request to remove a credit freeze made either online or via a phone call is usually in effect within an hour or less. 

Options for Unfreezing Your Credit

There are many ways you can lift a freeze. You can temporarily lift it or you can lift it only for certain creditors, for example. How you choose to unfreeze your credit depends on why you froze it in the first place. Here are some options to consider.

Temporarily lift the security freeze

If you still have fraud concerns but need to apply for credit or a loan, you can temporarily unfreeze your credit for a specified amount of time. After the period has passed, your credit is automatically refrozen. 

Permanently remove the freeze

You can choose to have your credit freeze permanently removed. You can place a freeze again in the future, but while your credit is unfrozen, it could open you up to potential fraud and identity theft. 

Give a specific creditor access

When you unfreeze your credit with a bureau, they can issue you a code to give to a specific creditor. This allows that creditor, and only that creditor, to check your credit report. Limited access increases the security around your credit report and identity. 

Subscribe to plans for locking and unlocking your credit report

A security credit freeze is federally regulated and is required to be free, however, each credit bureau offers the option of subscribing to more in-depth services for credit monitoring and fraud vigilance. They offer different levels of subscriptions.

When you subscribe, you can lock and unlock your credit report in a mobile app, using a variety of ID verification techniques. That being said, both locking and freezing your credit ultimately achieve the same result.  

Set up fraud alerts

A fraud alert can be placed on your credit file for one year. It notifies creditors that you are, or may be, a victim of fraud. Creditors are then encouraged to take extra steps to verify your identity (such as calling you directly) before opening a new credit account in your name or making changes to an existing one.

Unlike a credit freeze, you only need to request a fraud alert with one of the credit bureaus—they’ll notify the other two. Alerts are free, easy to set up and may be a good option if you want to be cautious but don’t want to freeze your credit.

Options to Consider When Unfreezing Your Credit Image

How to Unfreeze Credit with Equifax

Online: Sign up for or log in to your “myEquifax” account. Request the unfreeze by verifying your demographic information, like your social security number. You don’t need a PIN when you unfreeze your credit online with Equifax.

By phone: Call 800-349-9960. You’ll need to provide basic demographic information, along with the 10-digit PIN you were assigned when you froze your credit. 

By mail: Complete and send in this form to the address provided, marking that you want to lift a freeze. Along with the basic info, you’ll need to provide proof of identification, proof of address and the PIN you received when you placed the freeze.

Equifax Information Services LLC

P.O. Box 105788

Atlanta, GA 30348-5788

How to Unfreeze Credit with Experian

Online: Fill out the form to remove a security freeze. Provide details like your name, birth date and email address. You’ll need the 5 –10 digit PIN that was assigned when you put a freeze on your credit. 

By phone: Call 888-397-3742 and provide the basic information along with your PIN.

By mail: Submit a written request with your demographic information and proof of your identification and address to: 

Experian Security Freeze

PO Box 9554

Allen, TX 75013

How to Unfreeze Credit with TransUnion

Online: Go to their Credit Freeze page and click on “Unfreeze My Credit.” Create an account or log in to an existing account. You’ll need to verify your identity by answering three questions specific to you. They also offer the service on their myTransUnion app, available in the App Store or GooglePlay

By phone: Call 888-909-8872 and provide the same information.

By mail: Send your written request to:


PO Box 160

Woodlyn, PA 19094

How to Contact the Credit Bureaus to Lift a Credit Freeze Image

Does Unfreezing Your Credit Help Your Credit Score?

Freezing and unfreezing your credit doesn’t directly affect your credit score, but it’s likely you froze your credit because of an unfortunate situation—like identity theft or a data breach.

Placing a credit freeze with Equifax, Experian and TransUnion can be a valuable tool in controlling damage and preventing further hardship. A freeze prevents others from opening new accounts on your credit file. That’s why freezing your credit can indirectly help protect your credit score.

Even with freezing and unfreezing your credit, you should be vigilant for fraudulent activity. Keep in mind that even if your credit is frozen, if the fraudster has your bank account or credit card numbers they can still financially harm you by making purchases.

If you’re concerned that an unknown third party has your bank or credit card details, you should contact your bank or credit card providers immediately. 

How Credit Repair Services Can Help 

The team at Lexington Law can help you clean up your credit report. They’ll work with you to ensure that everything is accurate and fairly reported. With credit repair services, they advocate for you and help you achieve the best credit profile possible. Contact the credit repair consultants at Lexington Law today for a free consultation.

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Does Getting Joint Credit Cards Have an Impact on Both Spouses’ Credit?



couples credit history

While marriage can help you improve your financial situation, it does not automatically mean that you and your spouse will share a credit report. Your credit records will remain separate, and any joint accounts or joint loans that you open will appear on both of your reports. While this can be advantageous, it’s critical to remember that joint account activity can effect both of your credit scores positively or negatively, just as separate accounts do.

Users Who Are Authorized

An authorized user is a user who has been added to an existing credit account and has been granted the authority to make purchases. Authorized users are typically issued a card bearing their name, and any purchases made by them will appear on your statement. The primary distinction between an authorized user and a shared account owner is that the account’s original owner is solely responsible for debt repayment. Authorized users, on the other hand, can always opt-out of their authorized status, although the principal joint account owner cannot.

If your credit score is better than your spouse’s as an authorized user, he or she may benefit from a credit score raise upon account addition. This is contingent upon your creditor notifying the credit bureaus of permitted user activity. If your lender does report authorized users, the activity on your account may have an effect on both you and your spouse. However, some lenders report only positive authorized user information, which means that late payment or poor usage may not have a negative effect on someone else’s credit. Consult your lender to determine how authorized users on your account are treated.

Joint Credit Cards Have an Impact on Your Credit Score

Opening a joint credit account or obtaining joint financing binds both of you legally to the debt’s repayment. This is critical to remember if you divorce or separate and your spouse refuses to make payments, even if previously agreed upon. It makes no difference who is “responsible,” the shared duty will result in both partners’ credit histories being badly impacted by late payments. Regardless of changes in relationship status or divorce order, the creditor considers both parties to be liable for the debt until the account is paid in full.

Accounts Individuals

Whether you’re happily married or divorced, you and your spouse may decide to open separate credit accounts. Most creditors will enable you to transfer an account that was previously joint to one of your names if both of you agree. However, if there is a debt on the account, your lender may refuse to remove your spouse’s name unless you can qualify for the same credit on your own. Depending on your financial status, qualifying for financing and credit on a single income may be tough.


While creating the majority of your accounts jointly with your spouse may make it easier to obtain financing (two salaries are preferable to one), reestablishing credit independently following a divorce or separation is not always straightforward. To make matters worse, your spouse may wind up causing significant damage to your credit rating following the separation, either intentionally or through irresponsibility – making the financial situation much more difficult.

Before you rush in and open accounts with your spouse, take some time to discuss the shared responsibility of these accounts and what you and your husband would do in the event of a worst-case situation. These types of financial discussions can be difficult, especially when you rely on items lasting a long time, but a mutual understanding and respect for each other’s credit can go a long way toward keeping your score when sharing an account.

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Credit Cards

Should you pay down debt or save for retirement?



rebuilding credit

While establishing a comprehensive, workable budget is undeniably one of the most important factors in maintaining a healthy financial life, it can also be one of the most difficult. For those who are struggling with personal debt, building a budget can be particularly challenging. When the money coming in has to stretch like a contortionist to cover expenses, it can be hard to determine where to focus — and where to trim.

Sometimes, the battle of the budget can come down to a choice between dealing with the present — and thinking about the future. When your income is running out of stretch, do you pay off your existing debt, or do you start saving for retirement? At the end of the day, the solution to that particular dilemma depends on the type of debt you have and how far you are from retiring.

If you have high-interest debt, pay it down

When considering how to allocate your budget, it’s important to understand the different kinds of debt you may have. Consumer debt can be categorized into two basic types: low-interest debt and high-interest debt, each with its own impact on your credit (and your budget).

In general, low-interest debt consists of long-term or secured loans that carry a single-digit interest rate, such as a mortgage or auto loan. Though no debt is the only real form of good debt, low-interest debt can be useful to carry. For instance, purchasing a home with a low-interest mortgage can actually save you money on housing costs if you do your homework and buy a house well within your price range.

High-interest debt, on the other hand, typically has a hefty double-digit interest rate and shorter loan terms, such as that of a credit card or payday loan. High-interest debt is the most expensive kind of debt to carry from month to month and should always be priority number one when building a budget.

To illustrate why you should focus on high-interest debt above everything else, consider a credit card carrying the average 19% APR and a $10,000 balance. If the balance goes unpaid, that high-interest credit card debt will cost $1,900 a year in interest payments alone. Now, compare that to the stock market’s average annual return of 7%, and it becomes clear that you’ll see significantly more bang for your buck by putting any extra funds into your high-interest debt instead of an investment account.

If you are having trouble paying off your high-interest debt, there may be some steps you can take to make it more manageable. For example, transferring your credit card balances from high-interest cards to ones offering an introductory 0% APR can eliminate interest payments for 12 months or more. While many of the best balance transfer cards won’t charge you an annual fee, they may charge a balance transfer fee, so do your research. You’ll also want to make sure you have a plan to pay off the new card before your introductory period ends.

Most balance transfer offers will require you to have at least fair credit, so if your credit score needs some work, you may not qualify. In this case, refinancing your high-interest debt with a personal loan that has a lower interest rate may be your best bet. Make sure to compare all of the top bad credit loans to find the best interest rate and loan terms.

If you’re nearing retirement, start to save

The closer you get to retirement age, the more important it becomes to ensure you have adequate retirement savings — and the more pressure you may feel to invest every spare penny into your retirement fund. No matter your age, however, paying off your high-interest debt should always remain the priority, as it will always provide the best rate of return (as well as likely provide a credit score boost).

Indeed, no matter how tempting it becomes, you should avoid reallocating money you’ve dedicated to paying off high-interest debt to save for retirement. Instead, the focus should be on re-evaluating your budget to find any additional savings you can. To be successful, you will need to make a strong distinction between want and need — and, perhaps, make some tough lifestyle choices.

Though simply eliminating your daily coffee drink won’t magically provide a solid retirement fund, saving a few bucks by homebrewing while also eliminating a pricey cable bill in favor of an inexpensive streaming service — or, better yet, free library rentals — can add up to big savings over the course of the year. The ideal strategy will involve overhauling every aspect of your lifestyle, combining both large and small cuts to develop a lean budget structured around your long-term goals.

Of course, while you should never allocate debt money to your retirement savings, the reverse is also true. It is almost always a horrible idea to remove money from your retirement account before you hit retirement age — for any reason. Withdrawing early means you will be stuck paying hefty fees for withdrawing money early and, depending on the type of account, you may also have to pay significant taxes.

Aim for both goals by improving income

As you take the necessary steps to pay off debt and save for retirement, you may have already stretched the budget so thin it’s practically transparent. In this case, it is time to consider ways to improve your overall income. Increasing the amount you have coming in not only provides extra savings to put toward your retirement, but may also speed up your journey to becoming debt-free.

The easiest solution may be to look for ways to increase your income through your current job; think about taking on additional shifts or overtime hours to earn some extra cash. Depending on your position — and the time you’ve been with the company — consider asking for a pay raise or promotion, as well.

If you do not have options to make more money at your day job, it may be time to find a second job. Look for opportunities that provide flexible schedules that will accommodate your regular job; many work-from-home positions, for example, can easily fit into most work schedules. Doing neighborhood odd jobs, such as babysitting and dog walking, may also provide a solid income boost without interfering with your existing job.

For some, the need to pay off debt and improve retirement savings can be more than just a source of stress — but a hidden opportunity to begin a new career adventure. Instead of being weighed down by yet more work, use the desire to better your budget as a reason to explore the profit potential of a passion or hobby. Starting a small online store, part-time consulting service, or other small business can be a great way to improve your income and your overall happiness.

While it may sound intimidating, starting a side business can be as simple as putting together a professional looking website and doing a little marketing legwork to spread the word. And no, building a website isn’t as scary — or expensive — as it seems, either. A number of the top website builders now offer simple drag-and-drop interfaces perfect for putting together a professional-looking web page in minutes (without breaking the bank).

Learn how you can start repairing your credit here, and carry on the conversation on our social media platforms. Like and follow us on Facebook and leave us a tweet on Twitter.

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How does a loan default affect my credit?



loan default

Nobody takes out a loan expecting to default on it. Despite their best intentions, people sometimes find themselves struggling to pay off their loans. These types of struggles happen for many reasons, including job loss, significant debt, or a medical or personal crisis.

Making late payments or having a loan fall into default can add pressure to other personal struggles. Before finding yourself in a desperate situation, understanding how a loan default can impact your credit is necessary to avoid negative consequences.

30 days late

Missing one payment can further lower your credit score. If you can pay the past due amount plus applicable late fees, you may be able to mitigate the damage to your credit, if you make all other payments as expected.

The trouble starts when you (1) miss a payment, (2) do not pay it at all, and (3) continue to miss subsequent payments. If those actions happen, the loan falls into default.

More than 30 days late

Payments that are more than 30 days past due can trigger increasingly serious consequences:

  • The loan default may appear on your credit reports. It will likely lower your credit score, which most creditors and lenders use to review credit applications.
  • You may receive phone calls and letters from creditors demanding payment.
  • If you still do not pay, the account could be sent to collections. The debt collector seeks payment from you, sometimes using aggressive measures.

Then, the collection account can remain on your credit report for up to seven years. This action can damage your creditworthiness for future loan or credit card applications. Also, it may be a deciding factor when obtaining basic necessities, such as utilities or a mobile phone.

Other ways a default can hurt you

Hurting your credit score is reason enough to avoid a loan default. Some of the other actions creditors can take to collect payment or claim collateral are also quite serious:

  • If you default on a car loan, the creditor can repossess your car.
  • If you default on a mortgage, you could be forced to foreclose on your home.
  • In some cases, you could be sued for payment and have a court judgment entered against you.
  • You could face bankruptcy.

Any of these additional consequences can plague your credit score for years and hinder your efforts to secure your financial future.

How to avoid a loan default

Your options to avoid a loan default depend upon the type of loan you have and the nature of your personal circumstances. For example:

  • For student loans, research deferment or forbearance options. Both options permit you to temporarily stop making payments or pay a lesser amount per month.
  • For a mortgage, ask the lender if a loan modification is available. Changing the loan from an adjustable rate to a fixed rate, or extend the life of the loan so your monthly payments are smaller.

Generally, you can avoid a loan default by exercising common sense: buy only what you need and can afford, keep a steady job that earns enough income to cover your expenses, and keep the rest of your debts low.

Clean up your credit

The hard reality is that defaulting on a loan is unpleasant. It can negatively affect your credit profile for years. Through patience and perseverance, you can repair the damage to your credit and improve your standing over time.

Consulting with a credit repair law firm can help you address these issues and get your credit back on track. At Lexington Law, we offer a free credit report summary and consultation. Call us today at 1-855-255-0139.

You can also carry on the conversation on our social media platforms. Like and follow us on Facebook and leave us a tweet on Twitter.

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