Your Credit Today

When you have questions about anything credit related, The Real Credit Queen, Angela Setters Bessard has the answers. This week she's taking the overwhelm out of locking and freezing your credit. This episode is going to answer every question you ever had about the process, why you would do it, and how it helps you.Locking your credit and freezing your credit are similar concepts aimed at preventing unauthorized access to your credit report and thus protecting against identity theft, but they have some differences:Credit Freeze Federally Regulated and backed by the US Justice DepartmentDefinition: A credit freeze restricts access to your credit report by potential creditors. When your credit is frozen, creditors cannot pull your credit report to open new accounts in your name.Initiation: You can initiate a credit freeze with each of the four major credit bureaus (Equifax, Experian, TransUnion & Innovis) individually. You may (very rare) need to pay a fee depending on your state laws, although mo