What is the difference between a credit freeze and a credit lock?

What is the difference between a credit freeze and a credit lock?

A credit freeze restricts access to your credit report, while a credit lock allows you to control access more flexibly.

Which one is easier to manage?

A credit lock is generally easier to manage since you can unlock it instantly via an app or online, while a freeze may require more steps.

Are there any fees associated with either option?

Typically, credit freezes are free, while some credit lock services may charge a fee, depending on the provider.

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

Yes, freezing your credit does not affect your existing credit accounts; you can still use your credit cards as usual.

How do I place a credit freeze or lock?

You can place a credit freeze by contacting the major credit bureaus online or by phone. For a credit lock, you usually need to use a specific app or service.