Sentences with phrase «before opening a new account in your name»

With a fraud alert in place, the creditor will have to take extra steps to verify your identity before opening a new account in your name.

Not exact matches

In general, once your credit is frozen, no new credit accounts can be opened in your name, because nearly all credit providers would want access your credit report before approving an application for new credit from you (or someone impersonating youIn general, once your credit is frozen, no new credit accounts can be opened in your name, because nearly all credit providers would want access your credit report before approving an application for new credit from you (or someone impersonating youin your name, because nearly all credit providers would want access your credit report before approving an application for new credit from you (or someone impersonating you).

Since virtually all creditors require a credit check before extending credit, a freeze stops new accounts from being opened in your name.