This. There's no reason to leave yourself open to fraudulent loan applications when it's so simple to deny those.

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Sep 11, 2024
3:12:52pm

dilbert All-American

That's true for everyone, including your children (missionaries or just your kids living at home).

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dilbert

Bio page: dilbert
Joined: Oct 4, 2004
Last login: Sep 20, 2024
Total posts: 37,212 (17,284 FO)

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Messages

Author

Time

Freeze your missionary's credit while they are out. Yes or no?

UNLVcougar

Sep 11, 2:25pm

No. They can effectively BUILD credit while on their mission.

jdub

Sep 11, 2:26pm

That’s not how it works. Freeze away.

IGlowInTheDark

Sep 11, 2:31pm

I don't think so but pls make your case.

BleedCougarBlue2

Sep 11, 2:32pm

I made a case for this below. See my post.

BYU-Ite

Sep 11, 2:33pm

You can freeze it from inquiries, but still build credit.

RockyBalboa

Sep 11, 2:34pm

Okay, then, that's a good thing. So do both in I correct my stance

CarolinaCoug

Sep 11, 2:48pm

I think that's a great idea.

BlueFever

Sep 11, 2:37pm

This is incorrect - everybody should freeze unless they're actively applying for

molodyets

Sep 11, 2:44pm

You're not wrong, but neither is he. You CAN build credit while on the mission,

BYU-Ite

Sep 11, 2:47pm

Ok, but the caveat is you're using a financial tool outside of the missionary

BleedCougarBlue2

Sep 11, 4:59pm

opposite. build it for them.

reagan21

Sep 11, 2:27pm

You can freeze it and still be building credit. Freeze doesn't mean you can't

byubyu

Sep 11, 2:29pm

I get them a credit card before they go with a modest limit and have them use it

BYU-Ite

Sep 11, 2:30pm

No.build it acfively while out!

CarolinaCoug

Sep 11, 2:31pm

I stand corrected, freeze and build.I thought you meant to freeze your credit ca

CarolinaCoug

Sep 11, 2:49pm

Yes. Frankly freeze your own if you’re not applying for anything new soon.

IGlowInTheDark

Sep 11, 2:32pm

This. There's no reason to leave yourself open to fraudulent loan applications when it's so simple to deny those.

dilbert

Sep 11, 3:12pm

My son has a credit card out there. We just pay the balance when needed

Jericho

Sep 11, 2:43pm

^ this is the answer. Freeze the credit, but make sure they go out with a card.

TheLost

Sep 11, 2:48pm

With the recent Social Security Number breach I would not only freeze his but everyone in your families too.

JayOwen

Sep 11, 2:45pm

Why credit isn't frozen by default baffles me.

TheLost

Sep 11, 2:48pm

My dad added me to his credit card to help me build credit and in return

DKN

Sep 11, 2:48pm

RE: My dad added me to his credit card to help me build credit and in return

Doogal McCougar

Sep 11, 4:00pm

We got my son a discover student CC, started with no credit. Just put my

Fly'n Cougar

Sep 11, 3:00pm

There’s really no reason for anyone’s credit to not be frozen ever unless you

Warner

Sep 11, 3:07pm

^^ THIS! Every teen and up should have their credit frozen. It's no longer a matter of if your data is stolen. It is!

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