Is locking your credit report the same as freezing it?
People also ask, what does locking credit report mean?
A credit lock allows you to easily lock your Credit File, helping to protect you against identity theft and unwanted credit activity. If someone attempts to apply for credit in your name while your File is locked, you will be notified with a real time alert.
Similarly, should you lock your credit report? Locking or freezing your credit file may help prevent criminals from opening fraudulent accounts in your name. If you don't plan on applying for any new credit in the near future and your state doesn't allow credit freezing fees, a freeze may be the way to go.
Just so, is freezing 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.
Can you lock your Social Security number?
Here's why you might consider locking your SSN. For starters, locking it prevents anyone, including you, from using your SSN for any purpose. If your number isn't active, identity thieves can't use it either. But the good news is that locking your SSN isn't permanent, and you can unlock it at any time.