![]() Some things are the same with either a freeze or lock: You need to set it up at each credit bureau individually you can still monitor your own credit report and score and freezes and locks do not affect your score. With a lock, you do not need extra security like a personal identification number, and you can lock or unlock your credit online or via each bureau’s app.Įquifax and TransUnion offer free credit locks, while Experian’s lock is available as part of a paid bundled service. A freeze, the strongest level of protection, requires a PIN and, in some cases, payment to lift or reinstate a freeze online, by phone or via mail. With a lock, the process of blocking and restoring access is simpler. If you want to apply for any sort of credit - say, a new credit card or auto loan - you’ll have to unlock or unfreeze your reports during the application process. Locks and freezes both make your credit reports inaccessible to most people, with the goal of blocking anyone who might try to open fraudulent credit accounts in your name. ![]() Does using Equifax’s free credit lock service or a competitor’s product make sense for you? The choice may depend on cost, effort required and your willingness to try a new product or agree to terms set by credit bureaus. We break down the difference between a credit freeze and credit lock, and how credit locks from Equifax, TransUnion and Experian work.
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