This content was created by Daniel Rosen. This content was uploaded by Daniel Rosen. This is a YouTube video titled "When Should You Freeze Your Credit? - Do You Know the REAL Reason??" featuring Daniel Rosen discussing the use of credit freezes and locks as protective measures against identity theft and data breaches, recorded on February 20, 2024.
Credit freezes are a powerful tool when applied to the right situation, like if your identity has been stolen or you think it might happen because of a data breach or a stolen purse or sketchy online activity. To start, you gotta understand the options available. A credit freeze acts as a full block on your credit reports, preventing companies from accessing them. A credit lock offers a similar level of protection, but is generally a paid service that often includes personal like immediate activation and a fraud alert flags your credit report to prompt lenders to perform additional verification steps. Just remember that while a freeze is an important protective measure, it won't impact your credit score.
