Why YSK: Locking your credit with the main 3 places is not enough.

https://innovis.com/ have grown enough to require locking as providers are using them as a single check source.

There’s also https://www.chexsystems.com/ which many banks use for opening checking accounts. They’re unique because they handle accounts that don’t show up in a credit report.

  • @[email protected]
    12•4 months ago

    Each credit reporting agency offers this option, at no charge …

    It is highly recommended to lock your credit. Frankly, it should be locked by default. In September of 2017, Equifax announced a data breach that exposed the personal information of 147 million people.

    Note that, before this incident, it wasn’t consistently free. I remember it being free to lock, but costing $20 or so to unlock. A law passed in 2018 required credit bureaus to offer freezes and unfreezes (and to fulfill them within certain time frames) for free.

    Also note that you might need to look for a “freeze” instead of a lock. Experian charges $25/month for their “CreditLock” service, for example, but they offer a free security freeze.

    • nocturne
      4•4 months ago

      Interesting, I just tried to lock my credit and was prompted to pay for a premium account to do so.

      • @[email protected]English
        1•4 months ago

        Yeah, they do all they can to push the premium accounts, but there’s a free option buried in there somewhere.