15
QuizMultiple Choice

N/A — Exam

Question 15 • CMS 2026-2027 Economics and Personal Finance HONORS INITIAL CREDIT

What is the advantage of creating a file freeze of your credit report?

Answer
A
Credit freezes prevent someone from using your credit cards.
B
Credit freezes also freeze your credit score.
C
Credit freezes mean you do not have to check your credit report every year.
D
Credit freezes block access to your credit report, keeping new accounts from being opened in your name.

Explanation

A credit freeze restricts access to your credit report, making it harder for someone to open a new account using your identity. It does not stop anyone from using existing credit cards, freeze your credit score, or replace the need to review your report. Therefore, the advantage is that freezes can help prevent new accounts from being opened in your name.

AI-written and checked against the verified answer.

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