A credit freeze can be useful when you think your personal information has been compromised. A credit freeze has a small fee and completely restricts access to your credit report. You will receive a PIN or password that will be required once you are ready to lift the freeze.
To establish a credit freeze, you need to contact all three credit reporting agencies.
A fraud alert will allow creditors access to your credit report only after they take extra steps to verify your identity – usually through a phone call to you. A fraud alert will only last for 90 days, but you can renew it.
To establish a fraud alert, you will only need to contact one credit reporting agency. That agency is then required to contact the other two.