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What Is a Credit Freeze, and Should I Do It?

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However, knowing what a credit freeze is and taking advantage of it can help protect you and your finances. In 2021 the Federal Trade Commission received 1.4 One in five people lost money due to imposter scams in 2021, with a median loss of $1,000. What is a credit freeze? million reports of identity theft.

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4 Smart Money Moves to Plan for Financial Security

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That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.