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Experian launches CreditLock to give Brits an extra layer of protection against identity fraud 

Experian launches CreditLock to give Brits an extra layer of protection against identity fraud 

Banking & FinanceEnterprise SecurityTop Stories

Experian has launched CreditLock – a new feature that will enable customers to lock their Experian Credit Report at the touch of a button. The launch comes following data that shows one in four UK adults have fallen victim to fraud, with 75% of UK adults having been targeted, highlighting the scale of the problem in the UK. 

CreditLock allows CreditExpert and Identity Plus customers to ‘lock’ or ‘unlock’ their Experian Credit Report using a toggle switch in the app or online. Certain high-risk credit applications (such as a loan, mortgage or credit card) will be blocked by a ‘locked’ report.

The report can be instantly ‘unlocked’ using the same toggle either in the app or online. This means it is instantly accessible if the consumer wishes to make a genuine application for credit. 

Using real-time alerts, the feature will also let customers know about any new credit searches in their name, and if it has stopped any fraudulent applications on their behalf.  

A fraudulent application blocked by CreditLock will have no impact on a person’s credit score. 

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