This hacking of Equifax can cause serious problems for you. Although this hack was discovered by Equifax July 29th, the actual hacking happened between Mid-May through July this year!
Here is what you should do to protect yourselves from having your credit damaged by these hackers…
1) Go to www.Equifaxsecurity2017.com to check the potential impact of your files being part of the hack.
2) Get a free credit report. Federal law guarantees your one free credit report per year from the three major bureaus (yes, including Equifax). Head to this website to get your most-recent credit report and evaluate it to find any malicious activity. Look for unknown accounts, strange addresses reporting and especially review all inquiries. You can go to any other site that gives you a report from all three bureaus.
3) Set a fraud alert. Anyone can sign up for a free, 90-day fraud alert. The FTC has information on how to do that here. Be sure to list a phone contact number.
4) Freeze your credit. Credit freezes make it harder for criminals to open credit cards in your name. You'll need to call each of the credit bureaus -- Equifax (1-800-349-9960), Experian (1‑888‑397‑3742) and TransUnion (1-888-909-8872) -- to freeze your credit. Understand that doing this will make it harder for you to apply for credit. If you want to do so you will have to contact the bureaus with your pin number and pay a small fee to unlock your credit.
5) Pull your credit report once every 6 months to ensure there are not any future problems.
6) Equifax has offered to sign you up for their monitoring service free for one year. If you do this be aware that you will be forced to go through binding arbitration is you want to sue later and can’t become part of a class action suit. If you want a separate monitoring service, you can use this link to get a $10.00 per month discount on Identity IQ. http://bit.ly/2pdLvxy
At Credit Scoring Advisor we ARE the experts. We specialize in Rapid Credit Repair for our clients. Our founder, Daniel Sater is a Nationally Recognized Credit Expert, Author, Public Speaker, and Educator as well as an Expert Witness on Credit Scoring, Credit Reporting and Credit Damages. In addition, Dan trains and Coaches numerous Credit Repair Companies across the country, he is a Certified C.E. Instructor for the Real Estate Industry for their continuing education credit. Mr. Sater is the Chairman of the Education Committee for NACSO – the trade association for the Credit Repair Industry. His last book, "The Top 20 Toxic Credit Mistakes" is available on the Credit Scoring Advisor website and Amazon Kindle. He can be reached at 631-465-9565 or by e-mail at dan@CreditScoringAdvisor.com.
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