This is not my normal type of post, but as a former loan officer, I know how credit ratings can affect a person's life. So, I decided to share this as a courtesy. . . Regarding the Equifax breach, do not think you are not affected. Equifax is one of the three credit reporting agencies, whose scores are used to compute your FICO credit score. If you have ever applied for a credit card, loan, utility account, etc., Equifax has a report on you. I use Credit Karma (free) to get alerts about any new accounts opened under my SSN. I planned on enrolling in TrustedID Premier (free from Equifax for a year), but reading this article from Money expert Clark Howard gave me an advanced plan. His advice: Don’t enroll in TrustedID Premier. See below for more info.
This data breach is so severe that the criminals will be able to use the information they’ve obtained next year, five years from now and beyond, so one year of protection isn’t enough. “My advice is don’t go to Equifax’s website. Assume you are affected and act accordingly,” Clark said.#Repost @clarkyourlife (@get_repost)
With @Equifax’s announcement of a potentially catastrophic #security breach, now would be a really good time to consider freezing your credit, if you haven’t already. #Credit freezes are one of the most effective ways for #consumers to protect themselves against #identitytheft. #clarkyourlife
Note** Freezing your credit files has no impact whatsoever on your existing lines of credit, such as #creditcards. You can continue to use them as you regularly would even when your credit is frozen. #creditfreeze
This #databreach is so severe that the criminals will be able to use the information they’ve obtained next year, five years from now and beyond, so one year of protection isn’t enough.