Credit Lock vs. Credit Freeze: What’s the difference?

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30 Jan

Donna Taylor Blog 0 0

A key difference is that it’s simpler to unlock a credit lock than it is to “thaw” a credit freeze. When you freeze your credit at the three credit reporting bureaus – Equifax, Experian and Transunion – you restrict access to your credit report so most lenders can’t see your information and until you unfreeze it. To be fully protected, you must lock all three agencies who will provide you with personal pin numbers.

In a credit lock, you can do it yourself online with each of your credit cards at will. Decide which feature works best for you. Credit freezes and credit locks are both FREE to us all now. Credit freezes are free based on recent legislation prompted by the breach at Equifax a few years ago.

Whether you choose to lock or freeze your credit you will place another barrier to prevent credit fraud, which can take months or years to resolve.

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.