A credit freeze makes it more difficult for thieves to use your identity to apply for loans or credit cards in your name. (marthamay.com)
Aside from better interest rates, consumers with an excellent credit score also have a better chance of getting approved for loans or credit cards in the first place. (lendedu.com)
Once a lender has labeled you as a credit risk, it can be hard — if not impossible — to qualify for certain types of loans or credit card offers. (badcredit.org)