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Law school is a lot like juggling. With chainsaws. While on a unicycle.
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Legal Definitions - credit freeze
A 'reasonable person' is a legal fiction I'm pretty sure I've never met.
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Definition of credit freeze
A credit freeze is a government-mandated restriction on bank-lending. During a credit freeze, banks are not allowed to lend money to individuals or businesses. This is done to prevent economic instability and protect consumers from taking on too much debt.
- During the 2008 financial crisis, the US government implemented a credit freeze to prevent banks from lending money to risky borrowers.
- In some cases, individuals may choose to initiate a credit freeze on their own credit reports to prevent identity theft and unauthorized access to their credit information.
These examples illustrate how a credit freeze can be used to protect the economy and individual consumers from financial harm.
Where you see wrong or inequality or injustice, speak out, because this is your country. This is your democracy. Make it. Protect it. Pass it on.
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Simple Definition
A credit freeze is when you ask the government to stop anyone from looking at your credit report. This means that no one can open a new credit account in your name without your permission. It's like putting a lock on your credit so that no one can use it without your key.
Justice is truth in action.
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