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

Credit lock vs. freeze: What is the difference? While credit lock vs. freeze might sound different, they function similarly: A credit freeze is a free service that stops new accounts from being opened, while a credit lock is a service from the credit bureaus that lets you lock and unlock your credit faster than a freeze.

Should I freeze or lock my credit?

Freezing or locking your credit are some of the protection options TransUnion offers to help you manage your credit and safeguard your identity. So how do you decide whether to freeze or lock? It really depends on your personal preference. Choose the right option for you by learning the differences between credit freeze vs lock:

Are credit freezes free?

Most importantly, unlike most credit locks, credit freezes are free. Faced with a choice of a credit lock or credit freeze, Clark wants you to choose the latter. “A credit freeze allows you to seal your credit reports, so only you can temporarily ‘thaw’ your credit when legitimate applications for credit and services need to be processed,” he says.

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