Credit Freeze vs Lock: Which One Should You Choose?

BLOGS|11 Mar 2025 |BY: BentOak Capital Team

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When it comes to protecting your financial well-being, safeguarding your credit is a critical step. Whether you’ve been a victim of identity theft or just want to add an extra layer of security, you may have heard about locking and freezing your credit. But what’s the difference, and which option is best for you? 

Why Choose a Credit Freeze vs Lock?

Both locking and freezing your credit serve the same fundamental purpose: preventing unauthorized access to your credit report. This can help stop identity thieves from opening fraudulent accounts in your name. However, while these tools are similar, they aren’t identical, and understanding their differences can help you make the best choice for your situation. 

Credit Freezes: Federal Protection for Your Credit

A credit freeze is a powerful, federally regulated tool that restricts access to your credit report. Here’s what you need to know:

  • Cost: Free, thanks to federal law.
  • How It Works: You must request a freeze from each of the three major credit bureaus — Equifax, Experian, and TransUnion. This request can be done online, by phone, or by mail. Once your credit is frozen, lenders and creditors cannot access your report, making it much harder for identity thieves to open accounts in your name.
  • How to Unfreeze: You can temporarily or permanently lift a freeze at any time, but it requires a PIN or password and may take a little longer to process compared to a lock. 

A credit freeze is a great option if you’re looking for a strong, no-cost solution to prevent fraudulent activity on your credit file. 

Credit Locks: More Flexibility with a Possible Fee

A credit lock functions similarly to a freeze but offers more convenience: 

  • Cost: Some credit bureaus offer credit locks as part of a paid service.
  • How It Works: You can lock and unlock your credit report through the credit bureau’s app or online portal, giving you more control if you need to grant temporary access.
  • How to Unlock: Unlike a freeze, which requires a PIN and a manual request, a credit lock allows for near-instant access restoration. 

If you frequently need to allow access to your credit report — for example, when applying for loans or credit cards — a lock may be a more convenient choice. 

Credit Freeze vs Lock: Which One Should You Choose?

  • Go with a credit freeze if you’re looking for a free and secure way to block all access to your credit report. It’s a great long-term option for those who don’t need frequent access.
  • Opt for a credit lock if you prefer the flexibility of quickly unlocking and locking your credit through an app. Just keep in mind that some credit bureaus may charge for this service. 

Take Control of Your Credit Security

At BentOak Capital, we believe in empowering you to make informed financial decisions. Whether you choose a credit freeze or a credit lock, the most important step is ensuring your credit remains protected against fraudulent activity.

If you’re unsure which option is right for you or have questions about other financial security strategies, we’re here to help. Contact BentOak Capital today for expert guidance on protecting your financial future.


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