Credit lock now available in Quebec (Equifax and Transunion)

Last Updated:
Feb 14th, 2023 6:58 pm

Tags:

None

SCORE
+2
3
1

Reply to ThreadReply

Search this thread

Search this thread

Feb 6th, 2023 10:50 am

RougeJeff [OP]: Deal Addict; Oct 3, 2010; 1524 posts; 985 upvotes; Lac St-Jean

Feb 6th, 2023 10:50 am

Credit lock now available in Quebec (Equifax and Transunion)

Follow these instructions.
https://lactualite.com/finances-personn ... de-credit/
Equifax is easy, https://www.consumer.equifax.ca/personal/ top right corner but Transunion is tricky and you need a special link. https://secure-ocs.transunion.ca/secure ... ml?lang=fr

Here's the Equifax FAQ if you want to know more about credit lock
https://www.consumer.equifax.ca/persona ... edit-lock/
or better Milesopedia explanation https://milesopedia.com/en/personal-fin ... edit-lock/

12 replies

Feb 8th, 2023 3:11 am

shylok: Deal Addict; Feb 26, 2006; 4328 posts; 2899 upvotes; Ottawa

Feb 8th, 2023 3:11 am

Kinda surprised they're ahead of the the rest of Canada.. Kinda used to the province regressing. Hopefully it comes to the rest of Canada

+3

Feb 8th, 2023 3:50 am

ADenariusSaved: Deal Fanatic; Jan 11, 2020; 5833 posts; 4521 upvotes; TheprimOrdialsingula…

Feb 8th, 2023 3:50 am

shylok wrote: ↑ Kinda surprised they're ahead of the the rest of Canada.. Kinda used to the province regressing. Hopefully it comes to the rest of Canada

I find the opposite lol...And that it probably won't come to the rest of Canada. But QC probably did it because they had a rogue agent at their main credit union that leaked client data to the dark web. Also, it's French culture to voice their grievances when they feel cheated. Anglophones tend to keep a stiff upper lip and just seem to grin and bear being screwed over.

Bank ISAs, CDIC! <= 4.50%: https://forums.redflagdeals.com/bank-in ... sd-2579841
HISA ETFs, NO CDIC! <= 4.96%: https://forums.redflagdeals.com/high-in ... s-2574002/

Feb 8th, 2023 7:02 pm

coolintheshade: Deal Fanatic; Aug 24, 2016; 9823 posts; 11289 upvotes; The Prairies

Feb 8th, 2023 7:02 pm

shylok wrote: ↑ Hopefully it comes to the rest of Canada

Why?
What useful purpose will this actually serve the average person?

Feb 8th, 2023 7:26 pm

shylok: Deal Addict; Feb 26, 2006; 4328 posts; 2899 upvotes; Ottawa

Feb 8th, 2023 7:26 pm

coolintheshade wrote: ↑ Why?
What useful purpose will this actually serve the average person?

Have you heard of the internet, it's this tool people keep using these days.
They input their personal information into various websites, that frequently get hacked. Bad things happen from there. This would be a tool for the everyman, most normal people don't churn cards and monitor their credit.
Frankly, I would want to authorize every hard hit on my bureaus..

+1

Feb 8th, 2023 7:43 pm

coolintheshade: Deal Fanatic; Aug 24, 2016; 9823 posts; 11289 upvotes; The Prairies

Feb 8th, 2023 7:43 pm

shylok wrote: ↑ Have you heard of the internet, it's this tool people keep using these days.
They input their personal information into various websites, that frequently get hacked. Bad things happen from there. This would be a tool for the everyman, most normal people don't churn cards and monitor their credit.
Frankly, I would want to authorize every hard hit on my bureaus..

I don't think you understand how locking your credit file works.
You don't get to authorize each and every individual inquiry.
It seals your credit file, and prevents it from being pulled by anyone, including your current lenders you deal with.
What this means for you is, no more pre-approved credit products, no more pre-approved limit increases etc...
Unless someone is really dumb, and falls for every phishing email and text they receive, there is zero need for this.
My info has been compromised by countless companies, Capital One, Home Depot etc... and absolutely nothing has happened to date.

Feb 9th, 2023 10:33 am

Poutinesauce: Deal Fanatic; Aug 29, 2012; 8803 posts; 8666 upvotes

Feb 9th, 2023 10:33 am

It doesn't work yet to activate a credit freeze over the Internet with TransUnion without having to pay for a monthly plan. It keeps showing you a screen inciting you to pay.

However on their website TransUnion says that credit freezes would be free and the simplest way to do them is over the Internet.

So I suspect the online feature is not ready yet on their site.

List of credit cards friendly to people who don't qualify for Visa Infinite/MC World/MC World Elite; only good cards

Feb 12th, 2023 6:44 pm

shylok: Deal Addict; Feb 26, 2006; 4328 posts; 2899 upvotes; Ottawa

Feb 12th, 2023 6:44 pm

coolintheshade wrote: ↑ I don't think you understand how locking your credit file works.
You don't get to authorize each and every individual inquiry.
It seals your credit file, and prevents it from being pulled by anyone, including your current lenders you deal with.
What this means for you is, no more pre-approved credit products, no more pre-approved limit increases etc...
Unless someone is really dumb, and falls for every phishing email and text they receive, there is zero need for this.
My info has been compromised by countless companies, Capital One, Home Depot etc... and absolutely nothing has happened to date.

Might be you don't know how it works... Lol.. You think preapproved stuff is a result of hard pulls?..... This blocks hard pulls, not soft pulls.

+2

Feb 12th, 2023 9:15 pm

coolintheshade: Deal Fanatic; Aug 24, 2016; 9823 posts; 11289 upvotes; The Prairies

Feb 12th, 2023 9:15 pm

shylok wrote: ↑ Might be you don't know how it works... Lol.. You think preapproved stuff is a result of hard pulls?..... This blocks hard pulls, not soft pulls.

Go ahead and lock your file then, and come back in 6 months and let me know I’m wrong.

Feb 13th, 2023 9:25 pm

coolintheshade: Deal Fanatic; Aug 24, 2016; 9823 posts; 11289 upvotes; The Prairies

Feb 13th, 2023 9:25 pm

In case anyone is interested, I was inside my online TransUnion account just now, viewing my disclosure as I sometimes do, and noticed a new button on the main dashboard that mentioned credit freeze.
Upon clicking on it, I was presented with this;

It seems that TransUnion has opened up the feature to anyone (I don't live in Quebec nor have I ever).
Perhaps it's just easier for them to open it up for everyone rather than just one province (I imagine it is).
This is the site where you obtain your free consumer disclosure, not the paid monitoring site.
I won't be locking my file, because I personally don't find it useful, but maybe some others here do.
Good Luck!

+2

Feb 14th, 2023 5:02 pm

georvu: Deal Fanatic; Feb 4, 2015; 9078 posts; 5330 upvotes; Canada, Eh!!

Feb 14th, 2023 5:02 pm

coolintheshade wrote: ↑ In case anyone is interested, I was inside my online TransUnion account just now, viewing my disclosure as I sometimes do, and noticed a new button on the main dashboard that mentioned credit freeze.
Upon clicking on it, I was presented with this;

Screenshot 2023-02-13 at 8.17.41 PM.png

It seems that TransUnion has opened up the feature to anyone (I don't live in Quebec nor have I ever).
Perhaps it's just easier for them to open it up for everyone rather than just one province (I imagine it is).
This is the site where you obtain your free consumer disclosure, not the paid monitoring site.
I won't be locking my file, because I personally don't find it useful, but maybe some others here do.
Good Luck!

Great datapoint and hopefully someone from outside Quebec does freeze so can be sure it works.

The free TU disclosure site never works for me!! Another reason need to get rid of these companies.

2022: BOC raised 8 times and MCAP raised its prime next day.
2017 to 2018: BOC raised rates 5 times and MCAP raised its prime next day each time.
2020: BOC dropped rates 3 times and MCAP waited to drop its prime to include all 3 drops.

+1

Feb 14th, 2023 5:29 pm

coolintheshade: Deal Fanatic; Aug 24, 2016; 9823 posts; 11289 upvotes; The Prairies

Feb 14th, 2023 5:29 pm

georvu wrote: ↑ Great datapoint and hopefully someone from outside Quebec does freeze so can be sure it works.

The free TU disclosure site never works for me!! Another reason need to get rid of these companies.

I’ve had issues in the past with this site as well, including while requesting the disclosure, the site logs me out and says my session expired.
Log back in, and upon the last step before being presented with the disclosure, it does it again lol.
I recently had to call them because I couldn’t login at all, said no account existed.
So I had to signup all over again.
How does an online account just disappear?
And I’m suppose to trust that when I freeze my file, and need to unfreeze it again, that it’s actually going to work?
Yeah no thanks.

+1

Feb 14th, 2023 6:58 pm

georvu: Deal Fanatic; Feb 4, 2015; 9078 posts; 5330 upvotes; Canada, Eh!!

Feb 14th, 2023 6:58 pm

coolintheshade wrote: ↑ I’ve had issues in the past with this site as well, including while requesting the disclosure, the site logs me out and says my session expired.
Log back in, and upon the last step before being presented with the disclosure, it does it again lol.
I recently had to call them because I couldn’t login at all, said no account existed.
So I had to signup all over again.
How does an online account just disappear?
And I’m suppose to trust that when I freeze my file, and need to unfreeze it again, that it’s actually going to work?
Yeah no thanks.

I'm convinced it's incompetence by design!!

Reply to Thread

Top