Until recently, consumers had limited options when it came to credit protection. With TransUnion Credit Lock, you can take a proactive role by stopping thieves and data hackers from accessing your TransUnion credit report. Available on your computer or smartphone, this easy-to-use tool lets you lock and unlock access to your TransUnion credit report practically whenever you wish.
How Credit Lock Is Different
In the past, a credit freeze was the only tool consumers had to prevent anyone from accessing their credit reports. These were typically reactive measures used by victims of fraud or identity theft, much like calling the police after someone has broken into your house. Not only are credit freezes designed to be used for several months at a time, but setting up a credit freeze is usually time-consuming and a fee is often involved. With Credit Lock, you can lock and unlock your TransUnion credit report whenever you see fit, in a matter of seconds.
How Credit Lock Works
TU Credit Lock is available to anyone using TransUnion Credit Monitoring services. Download the mobile app to your tablet or smartphone, or use the tool when logged into the TransUnion website with any Web browser. In either case, you can lock or unlock your TransUnion credit report with just a click of your mouse or a swipe of your touchscreen.
How Credit Lock Helps Prevent Credit Fraud
When identity thieves access your personal data, like your Social Security number or bank account numbers, they can use this information to apply for credit cards or loans in your name. Typically, when a bank or credit card company gets that application, one of the first steps they take is to pull your credit report.
Based on your credit report, the application is approved or denied. Financial institutions attempting to view your TransUnion credit report will be unable to do so, which would likely mean that the application would be denied. This stops thieves before they can commit credit fraud.
When To Use Credit Lock
As long as you have an online connection, you can use TU Credit Lock. For example, you may only want to lock your credit report when you suspect there might be a problem, like if you lose your wallet, or if you discover a website you trust with your personal information has been hacked. Once the threat is over, you can unlock your credit report just as quickly. Alternatively, you may prefer to keep your credit report locked until you want someone to access it, like when you’re about to apply for a loan or buy a car. In any case, having more control over who sees your credit report can make you feel more secure.