 Hello everyone, this is financial author Amit Dan of amitdan.com. On this channel, you'll find financial travel and more videos just like the one you're watching right now. If you like what you see, please give me the thumbs up and consider subscribing. Hello everyone, this is financial author Amit Dan of amitdan.com. Today, I'll be talking about Equifax's recent free credit locking service offers. Equifax recently mentioned that it will be offering credit locking service for free for life. However, what it is not telling that what type of strings are attached to this free credit locking service. This free credit locking service will be ready to launch starting January 31st next year. In the past, Equifax mentioned that it will be offering free credit monitoring service for free for one year. And also, it will web the fee to freeze your credit until the end of January. What Equifax is not telling is that why it is offering a free credit locking service when there is already a similar service exists which is called free credit freeze service. Instead of offering a new free credit locking service, they could have just made the free credit free service for free. Equifax recently told CNN Money that lock and freeze are similar but not identical. In order to lift a freeze, you will require a PIN ID but in order to lock a credit, you will require a username and password which has more modern authentication system and it's more user friendly. Although Equifax is not telling what's the reasons behind offering this new credit locking service, but it is obvious or most of the people are thinking that the reason it's something different than credit free service because you're going to have to give up your rights to sue Equifax. So they're offering something free but they're trying to hook you up not to sue. One thing to keep in mind is that this free credit lock service will not be offered in Canada to Canadians. And also the credit free service does not exist in Canada. Instead Equifax is offering to Canadians one year of free credit monitoring service and one year of free identity theft protection service. So although Equifax is not telling one the reasons behind offering this free credit lock service to Americans, it looks like that it's a bologna because they don't want you to sue them and probably in the terms and conditions there is the clause that you will not be able to sue them once you sign up for this free credit locking service for one year for life. So before you sign up for anything, go through all the terms and conditions and if you need to consult a lawyer and make your judgment based on information and what's best and what's right for you. That's all for today. Thank you.