Credit Freeze Explained for Beginners A credit freeze is one of the most powerful tools you can use to protect yourself from identity theft and financial fraud. In this video, we explain credit freeze for beginners in a simple and clear way so you can understand exactly how it works, why you might need it, and how to set it up quickly. Millions of Americans fall victim to stolen identities every year, and a credit freeze can be the barrier that stops criminals from opening loans or credit cards