What is a Credit Lock? A Credit Lock Versus Credit Freeze Breakdown

In researching how to respond to the Equifax hack and my deep dive into one of the possible responses – proactively placing a credit freeze – I couldn’t help but notice that there’s another new credit protection service option being pushed by the credit bureaus heavily these days: a credit lock. To be honest, I hadn’t heard of a credit lock prior, and assumed that a “credit lock” was just an alternative name for a credit freeze. Sadly, there’s more to it than that (more confusion for consumers – yay!). So, I decided to dig in and learn...

[Read the rest of the story at 20somethingfinance.com]