Whats the difference between fraud alerts and a credit freeze?
A credit freeze locks down all of your personal information making it impossible for anyone to open a line of credit in your name, including you. There are also fees involved with many credit freezes. When you place a freeze, you pay a fee. From there on, if you want to open any new line of credit (loan, credit card, cell phone) the freeze must be lifted; there will be a fee for that as well. As of May 9, 2007, 33 states and the District of Columbia offer the credit freeze option, but if you are not in one of them, you cannot do this. Everyone can subscribe to LifeLock.
