Fraud Alerts vs Credit Freeze vs Credit Lock

We dive into the differences between a fraud alert, credit freeze and a credit lock. We'll cover the pros and cons of each, including the cost of each (2 are free).

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Resources mentioned in this video:

Timestamp:

0:00 Introduction
1:56 Fraud Alerts
3:43 Extended Fraud Alerts
4:45 Active Duty Alerts
5:48 Credit Freeze
9:12 Credit Lock
11:16 My Notes

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ABOUT ME

While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.

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[gardeningforfunandlongevit]

Now in 2024, so relevant after all the data breaches. Thank you for still being relevant.

[catburglar]

Really appreciate you clarifying the difference between these services. Thank you

[SFOixpol]

My new favorite channel! No BS, not trying to sell you anything just straight to the point! I wish you nothing but success

[slr-d]

man I had about 7 videos pre-tabbed and ready to watch on this topic and your one video was so clean, direct, and helpful.. it told me everything i needed to and wanted to know..
and then some.
*Great video my friend* .. and thank you for sharing your expertise and saving us (all) time. 👍🏾

[philandaileenlock]

Hi Rob, We appreciated your clear explanations of the differences between fraud alerts, credit freezes, and credit locks! Thank you!

[BruceDavidJohnson]

I placed a freeze on all three accounts, it only took a few minutes. Thank you.

[asinheaven]

Thank you for this clear explanation of the three options!

[donaldhunt]

Like most of the other commenters have said, this is a perfect video for the subject. Thank you very much for making it!

[kenmatthews]

Very helpful video. Placed a freeze on my wife’s, adult son and my accounts. Thanks sir!

[Curt_Randall]

It seems so wrong we have to "instruct" creditors to properly verify a person's identity before approving a line of credit or loan. Shouldn't that already be a legal requirement of them?

[strangeattractor]

I worked for a credit bureau, I like this channel keep me updated.

[Simplwhite]

You inspire me with your selflessness in providing this info. I imagine you'd be a great guy even if not smart with money, but to me, your financial freedom allows a more selfless lifestyle. I strive for that. Thanks, sir.

[princessjayla]

Thank you! You made this so less intimidating. I'll def be doing the credit freeze.

[johnsperry]

I’m in the beginning of the video at the time of this comment, and I can already tell you provide great quality content. Thanks Rob

[TrustingGod]

Very helpful information. Unfortunately these days it’s an endless loop of trying to speak to a rep. Everything must be done online or via letter. Thanks for sharing your knowledge.

[benjaminblackburn]

perfect video. Thank you so much for being so calm and explaining the differences crystal clear!

[JeaneneGonzales]

Simple to the point and so helpful - thank you!!!

[coolarrow]

You can also put a password on your account, when anyone tries to get credit, the company will ask you for that password, and you can also put statements on your account if you feel the need to explain anything

[uniquegod]

🤯 fnally found you again rob 🍻, wow early congratulations to 60k 📈

[gerisilva]

Thank you that was very informational!