Identity theft is a major problem worldwide and it can sometimes seem inevitable that your information will get stolen at some point. While it’s essential to protect your information as much as possible, you should also understand what options you have if you are a victim of identity theft. The best credit repair experts can guide you in the right direction, and we’ve explained some of the differences between a credit lock and a credit freeze.
What To Know About A Credit Lock
A credit lock won’t hurt your credit score. So you won’t have to worry about having to fix your credit score if you need to take this action. A credit lock will restrict access to your file so you won’t be able to open any new credit accounts. These locks will need to be applied to each of the three credit reporting agencies. It’s fairly easy and straightforward to apply a credit lock, but credit repair agencies typically charge a monthly fee for doing so.
Can A Credit Freeze Be Beneficial?
Many credit repair experts believe a credit freeze is the most effective way to ensure unauthorized people don’t open new accounts using your identity. With a credit freeze, agencies cannot release your information to anyone until you unfreeze your file. This prevents thieves from being able to apply for credit under your name. Freezing your credit can be effective in combating identity theft, but you will need to remember to unfreeze it if you need to apply for any type of credit in the future.
Protect Your Credit By Working With Trusted Experts
If you believe your identifying information has been stolen or compromised, work with credit repair experts to determine the best path forward and fix your credit score if needed. Temporarily freezing or locking your credit might be ideal, as well as investing in credit monitoring services. The last thing you want is to be surprised when you try to apply for credit, only to find out criminals have been using your identity to do the same.
Core Credit Solutions provides the best credit repair in Los Angeles to people who need it most. It can be a bad feeling knowing your information is in the hands of a criminal, but our experts are here to bring you peace of mind. If you need to fix your credit score or simply need advice on how to handle a credit situation, don’t hesitate to contact us at any time.