New Delhi, Nov. 24 -- With ever-rising cases of identity theft and financial fraud in the country, freezing one's credit report is one of the simplest ways to protect one's personal information and repayment integrity. This write-up is dedicated towards understanding this concept, what a credit freeze and when it should be considered.

A credit freeze, or a security freeze, is nothing but a way to restrict access to one's credit report. When such a freeze is active, lending institutions cannot view your credit report. This also prevents or stops anyone from opening new accounts in your name. Keep in mind that a credit freeze will never erase your credit history or lower your credit score.

Furthermore, it does not impact one's credit scor...