You can freeze the CRAs that track your Mastercard and Visa applications

[creditmonitor2010]

Two CRAs keep track of all your Mastercard and Visa applications. Lakeside Information Resources tracks Mastercard applications. Advanced Resolution Services, Inc., tracks Visa applications.

 

If you are B* inquiries to apply for Mastercard or Visa, some credit grantors like US Banks will look at these reports and can deny or take other adverse action based on these reports.

 

The good news is it is easy and free to freeze your files with these CRAs. You need to fax or mail a signed written request with your name, address, social security number, and proof of identity. Proof of identity is a copy of one of the following: a driver’s license or state-issued identification card, a passport, a Medicare health insurance card, or a NUMI form (Third Party Disclosure) signed and dated by the local Social Security Administration office. They do not accept the Social Security card for verification. They will mail you a letter confirming that they have frozen your file.

 

Lakeside Information Resources

6111 Oak Tree Blvd, Suite 400

Independence, OH 44131

Ph: 800-995-2590

Fax 216-615-7604

 

Advanced Resolution Services, Inc

6111 Oak Tree Blvd, Suite 400

Independence, OH 44131

Ph: 800-392-8911

Fax 216-615-7642

[hegemony]

thanks for the info. I wonder if anyone will be denied for having a frozen report?

[creditmonitor2010]

thanks for the info. I wonder if anyone will be denied for having a frozen report?

 

I wouldn't think so, haven't seen it yet. But if someone gets a letter that says the frozen LIR or ARS report is the reason for the denial, that will be a first.

[hegemony]

thanks for the info. I wonder if anyone will be denied for having a frozen report?

 

I wouldn't think so, haven't seen it yet. But if someone gets a letter that says the frozen LIR or ARS report is the reason for the denial, that will be a first.

we've seen denials for freezing the big four.

 

I wonder if freezing these alternative CRAs will also opt on out?

 

I look forward to seeing more data on them.

[The Livid One]

Good info....thanks..!

[ArchonInitiative]

Good info....thanks..!

 

Cosign!

[nlocker]

Do you happen to know how far back the time period is that these companies report inquiries? I wonder if its the standard 2 years (25 months for EX) that is reported by the big 3 CRAs.

[hegemony]

Do you happen to know how far back the time period is that these companies report inquiries? I wonder if its the standard 2 years (25 months for EX) that is reported by the big 3 CRAs.

tnagmesister, IIRC, got his report. maybe he can tell us.

[92GTA]

Wait, they both have the same address and suite #? Is that for sure?!

 

Weird...

[GEORGE]

Wait, they both have the same address and suite #? Is that for sure?!

 

Weird...

They are in CAHOOTS together...

 

[jlp58]

Wait, they both have the same address and suite #? Is that for sure?!

 

Weird...

 

I would imagine it is the same company DBA under different names for the 2 major cc clearing houses.

[ama]

Yes, this is quite interesting...

[92GTA]

Just got my 2 confirmation letters for my freeze request from each this week.

 

Thanks!

[creditmonitor2010]

Just got my 2 confirmation letters for my freeze request from each this week.

 

Thanks!

 

Glad I could help!

[creditmonitor2010]

I'm still seeing people who are surprised that US Bank knows about their applications even if the inquiries are not on EQ/TU. It is because they are using the ARS, LIR databases, so you'll need to freeze them if you don't want them to look at the number of your applications.

[Roland99]

Great info!

[Jeremy09]

Any downside to freezing these?

[Hillbilly with Credit]

Any downside to freezing these?

 

+1 on question.

 

I have presently "Opted Out," 5 years, electronically.

 

I will write a letter (Sample letter?) with photocopy of ID to Freeze these two, whick reek of data-mining, and CA junk-banks for people like NCO to keep burning.

 

Next up, is it a good idea to freeze Innovis and Experian, leaving only TU and Equifax as pullable CRAs, and avoid most/all headaches?

 

johnnyt6 really has the case for freezing Experian as well down, that leaving two open to doing whatever is a good move, not three.

[hegemony]

freezing experian can exclude some excellent credit products. moreover, opting out can slow the other half of credit repair. freezing and opting out does not stop CA, JDBs, skip tracers, OR THE CRAs from selling your information for certain products.

 

as is always the case, if a CRA is frozen you may be denied credit. IMHO that is the greatest risk. if you want the credit, freezing is not the game to play.

[Hillbilly with Credit]

freezing experian can exclude some excellent credit products. moreover, opting out can slow the other half of credit repair. freezing and opting out does not stop CA, JDBs, skip tracers, OR THE CRAs from selling your information for certain products.

 

as is always the case, if a CRA is frozen you may be denied credit. IMHO that is the greatest risk. if you want the credit, freezing is not the game to play.

 

Duly noted.. however, "Opting Out" is still recommended, to stop data-mining primarily, yes?

 

As to these Application tracker CRAs, what is the advantage to freezing them?

[She8itall]

You need to fax or mail a signed written request...

 

Something like this?

 

To Whom it May Concern,

Please place a freeze on my file.

Sincere thanks,

Jasmijo

 

[Address]

[sSN]

 

[Copy of Passport]

[hegemony]

Duly noted.. however, "Opting Out" is still recommended, to stop data-mining primarily, yes?

 

As to these Application tracker CRAs, what is the advantage to freezing them?

 

opting out does not stop data mining. it can stop prescreened offers of credit which in turn can delay 50% of credit repair.

 

for these specialized CRAs I would think a freeze could result in a denial of credit if the company you apply with requires a pull of these alternative consumer credit reports.

[virtualtreasure]

freezing experian can exclude some excellent credit products. moreover, opting out can slow the other half of credit repair. freezing and opting out does not stop CA, JDBs, skip tracers, OR THE CRAs from selling your information for certain products.

 

as is always the case, if a CRA is frozen you may be denied credit. IMHO that is the greatest risk. if you want the credit, freezing is not the game to play.

 

I have a frozen EX and have obtained 4 excellent new EX accts recently by simply lifting the freeze at my convenience, rather than having EX available to others at theirs- a personal preference I guess in an age of increasing ID theft.

 

IME freezing *CAN* prevent miscreant CA INQ (which can sometimes lead to cascading AA, though it is certainly not a guarantee.)

Edited September 10, 2010 by savetherobots

[creditmonitor2010]

for these specialized CRAs I would think a freeze could result in a denial of credit if the company you apply with requires a pull of these alternative consumer credit reports.

 

This is true. However, they must send you a reason for the denial. If the reason happens to be one of these CRAs, one has the option to lift the freeze temporarily or permanently and apply again.

[Rorer_714]

as is always the case, if a CRA is frozen you may be denied credit. IMHO that is the greatest risk. if you want the credit, freezing is not the game to play.

It depends on how well you play the game. Some have had great success in getting a certain CRA pulled after the initial denial.