- Lock your TransUnion report with a single swipe or click
- Get alerts to critical credit information changes
- Enjoy unlimited TransUnion report refreshes
- It’s 100% free — no credit card, no charge, no catch
https://www.transunion.com/product/true ... protection
How is locking TransUnion report different from credit freeze? According to
http://www.mymoneyblog.com/transunion-t ... eview.html
it might be the same thing, but perhaps free?!
https://www.transunion.com/credit-freez ... it-freeze2
https://www.transunion.com/blog/identit ... redit-lock
seem to imply the same but they don't say that explicitly! It also sounds like it's much faster to lock and unlock the file when needed.
If so, why would anyone use credit freeze at TransUnion? What's the catch?
Update based on another thread: from https://www.trueidentity.com/legal/service-agreement:
So, it sounds like we'd get some more junk mail, but potential benefits include ...TrueIdentity wrote: You understand that in order to receive the free products, you must agree to receive targeted offers by TransUnion and other third parties. The terms of any free product are specific only to the product.
... while a credit lock prevents most third party access to your credit report, a third party may access a locked report in certain instances that are considered a low risk for identity theft, such as official government investigations, collection activities and insurance underwriting and claims administration.
- no need to thaw for when shopping for insurance (I was under impression regular "credit freeze" might interfere )
- thawing / refreezing is instant (does it take long for "regular" credit thaw/refreeze?)
- thawing / refreezing is free (while it costs money in some states)
- other features of the service: alerts for "critical" changes and unlimited report refreshes
[Updates from Sept 12 and Sept 28, 2017] On the other hand, according to https://krebsonsecurity.com/2017/09/the ... ould-know/
and a later article goes into some more detail, summarizing ...Krebsonsecurity wrote: Q: I see that Trans Union has a free offering. And it looks like they offer another free service called a credit lock. Why shouldn’t I just use that?
A: I haven’t used that monitoring service, but it looks comparable to others. However, I take strong exception to the credit bureaus’ increasing use of the term “credit lock” to steer people away from securing a freeze on their file. I notice that Trans Union currently does this when consumers attempt to file a freeze. Your mileage may vary, but their motives for saddling consumers with even more confusing terminology are suspect. I would not count on a credit lock to take the place of a credit freeze, regardless of what these companies claim (consider the source).
Krebsonsecurity wrote: In short, TransUnion’s credit lock service (and a similarly named service from Experian) doesn’t prevent potential creditors from accessing your files, and these dubious services allow the credit bureaus to keep selling your credit history to lenders (or identity thieves) as they see fit.