Sunday, October 1, 2017

Why a Credit Freeze Is Better Than a Credit Lock

(Click on the image fro the Consumer Reports article)
"Consumers worried about identity theft after the Equifax data breach are being encouraged by all three credit bureaus to use a credit lock rather than a credit freeze.
But although credit locks and freezes do essentially the same thing—prevent anyone from opening an account in your name—there are some important differences to keep in mind when deciding which to use (you can’t do both). In most cases a credit freeze offers better protections against fraud and can be cheaper, making it the best option."