Asked by: Mika Shokrollahi
asked in category: General Last Updated: 5th March, 2020

What is the difference between a credit lock and freeze?

A credit freeze and a credit lock are two ways to protect your credit reports from being used by scammers to open new accounts. A key difference is that it's simpler to unlock a credit lock than it is to “thaw” a credit freeze. But a freeze may afford legal protections that a lock doesn't.

Click to see full answer.


Also asked, is freezing your credit a good idea?

Credit freezes can help keep you safe from identity thieves, but that security comes at a price. For most people, it's not worth it. Instead, monitor your credit reports closely for fraudulent activity, and if you notice any, put a fraud alert on your report instead.

Furthermore, how do I lock my credit? If you want to freeze your credit, you need to do it at each of the three major credit bureaus: Equifax (1-800-349-9960), TransUnion (1-888-909-8872) and Experian (1-888-397-3742). If you request a freeze, be sure to store the passwords you'll need to thaw your credit in a safe place.

Similarly, what does freezing your credit mean?

A security freeze prevents prospective creditors from accessing your credit file. Creditors typically won't offer you credit if they can't access your credit reporting file, so a security freeze, also called a credit freeze, prevents you or others from opening accounts in your name.

Will freezing my credit ruin it?

A credit freeze does not affect your credit score, but it can keep you from being approved for a new credit card or a loan. A fraud alert, which sounds similar, is not as drastic as a freeze. In most cases, a fraud alert will last for a year. As with a freeze, it won't affect your credit score.

18 Related Question Answers Found

Can I still use my credit card if I freeze my credit?

Do I need to unfreeze all three credit bureaus?

How can I tell if my credit is frozen?


How do you lift a credit freeze?

Can you put a freeze on your Social Security number?

How do I put a credit freeze on all three bureaus?


How long does it take to unfreeze credit?

What is a credit freeze and when should you use it?

Does freezing a credit card damage it?


Can I view my credit report if it is frozen?

What is a good credit score?

What does freezing your debit card mean?


Can I freeze my credit online?

How much does it cost to lock your credit?