Locking Your Credit File

A fraud alert allows creditors to get a copy of your credit report as long as they take steps to verify your identity.

Locking your credit file.

If someone applies for credit in your name access is denied. Locking or freezing your credit file may help prevent criminals from opening fraudulent accounts in your name. It s also faster to put in place and lift than a credit freeze and is free at two of the major credit bureaus. Unlocking either or both reports is just as easy as locking them.

A credit lock also known as a security lock has the same result as a credit freeze but it s easier and quicker to lock and unlock your credit than to freeze and un freeze or thaw it. Locking your credit is a simple and effective way to help keep others from fraudulently opening new credit cards or taking out loans in your name. If someone attempts to apply for credit in your name while your file is locked you will be notified with a real time alert. For example if you provide a telephone number the business must call you to verify whether you are the person making the credit request.

A credit freeze locks down your credit. You log in and lock your transunion and or equifax credit reports. A credit lock allows you to easily lock your credit file helping to protect you against identity theft and unwanted credit activity. Locking your credit is a procedure that can help prevent identity theft and credit fraud by blocking access to your credit report.

If you don t plan on applying for any new credit in the near future and your state doesn t allow credit freezing fees a freeze may be the way to go. A credit freeze is guaranteed by law whereas a credit lock is a product offered by the bureaus. A credit freeze is something you can put in place to limit others from viewing your credit reports including lenders. If a credit freeze is something you d like to apply to your credit reports and scores learn how to request one at the experian s security freeze center.

When locked your experian credit file is not accessible to. In particular there s confusion on the difference between freezing your credit at experian we call it a security freeze and locking your credit. Freezing your credit is an extreme step but it s something that might be necessary if you re dealing with identity theft and other measures such as fraud alerts haven t been effective for you.