A credit freeze can help discourage identity thieves from creating new accounts in your name, but it won't stop them from using your current accounts to conduct fraud. This implies that a payment card in your wallet might be used by criminals. However, customers should be aware that a free credit freeze may give them the false sense of security that their personal information is now protected. The truth is that credit freezes alone aren't enough to keep identity thieves at bay. Freezes are restricted since they only serve to protect you from new accounts being started in your name.