Jump to content

Search the Community

Showing results for tags 'credit lock'.

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Announcements
    • PLEASE READ BEFORE POSTING / Board Announcements
    • Resources
  • Credit Repair
    • Credit Repair
    • Collections
    • Credit Bureaus/Reports/Scores
    • Identity Theft
  • Legal Issues
    • Is There a Lawyer in the House
    • Bankruptcy Q and A
  • Debt Validation
    • While You are In It Debt Validation Q and A
    • Debt Settlement
  • Loans and Banking
    • Obtaining Credit Cards, Auto Loans and Financing
    • Mortgages
    • Student Loans
    • Banking and Finance

Find results in...

Find results that contain...


Date Created

  • Start

    End


Last Updated

  • Start

    End


Filter by number of...

Joined

  • Start

    End


Group


State


Biography


Interests


Occupation

Found 1 result

  1. Can I get security, convenience AND affordability by freezing my Experian and TransUnion credit files, and using only Equifax Lock & Alert when I want to apply for credit? In other words, will creditors accept seeing a credit report from only one credit reporting agency? On the other hand, since a credit check isn’t run every time you buy something with a credit card (as opposed to APPLY for a credit card), maybe credit checks are infrequent enough that you should just freeze all 3 credit files, and temporarily unfreeze them only when a credit check is required? ************************ I’m basing this question on my understanding of how this all works. But I’m new to this, so please correct me if I got any of the following wrong, or it is not current: Credit locks and freezes: • Block all access to your credit file, except for your existing creditors (and their debt collectors), government agencies authorized by the courts, and anyone authorized by you. • Must be placed or lifted separately for each of the 3 credit reporting agencies. Credit freeze: • Reporting agencies legally bound to guard credit files: YES • Cost: usually $5 or $10 to place, may be a similar fee to lift • Speed to place or lift: usually 1-2 days; may take up to 3 business days • Requires PIN: YES Credit block: • Reporting agencies legally bound to guard credit files: NO • You may have to agree to arbitration in disputes • Cost: • Equifax Lock & Alert: free for life • Experian CreditLock: $25 a month • TransUnion Credit Lock: $20 a month • Speed to place or lift: immediate (from phone app) • Requires PIN: NO Also, I understand that LifeLock has been successfully sued for $100 million for not securing consumers’ financial data, and for false advertising, so I don’t see them as having any place in securing one’s credit files. Thanks for any help.
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.