Credit Freeze: Your Shield Against Loan Fraud and Identity Theft

• A credit freeze blocks banks and lenders from accessing your credit report, preventing new loans or credit cards from being opened in your name.
• It's a crucial tool if your personal data (PAN, DOB) is compromised, or if you suspect identity theft.
• Existing loans and credit cards remain unaffected; the freeze only stops new credit applications.
• If a fraudster tries to apply for a loan, the lender cannot access your frozen report, thus blocking the application.
• You can easily freeze your credit via credit bureau websites and temporarily lift it when you need to apply for new credit.