The Equifax Hack is the Most Dangerous Yet. You Must Act to Protect Yourself

The Equifax Hack is the Most Dangerous Yet. You Must Act to Protect Yourself

The Credit Reporting Agencies, commonly referred to as the Credit Bureaus, do not simply report on your credit worthiness.  They mine for data on every American with a social security number.  They do it as well as or better than the NSA.

Before this Equifax ordeal- you’ve heard other examples of identity theft in the news – for example – someone hacks your  hacks your credit card number from a retailer or online store – or maybe your social security number was compromised.  What has happened with Equifax— This one is far more dangerous.

The thieves have the following information on you that will allow them to answer any security question a company has to prevent fraud;

  1. Your name and current address
  2. Your maiden name and/or mothers maiden name
  3. Every address you have ever lived at
  4. Your social security number
  5. Your date of birth
  6. Your current and previous employers
  7. If you ever disputed an account with them, those letters were hacked too. So that credit card or account number.
  8. Every vehicle you ever financed and dates.
  9. Your phone numbers.
  10. Your email addresses.

This information gives the thieves access to anything.  Equifax will cover credit monitoring for one year but will require you to forfeit important Federal laws in place to protect you.  Plus, the bad guys will simply sit on this information for a year.  Then we will start seeing an epidemic of fraud claims.  Sometimes these are hard to fight.  People find out about problems on their credit reports at inconvenient times (applying for a mortgage, buying a car, financing a medical procedure, getting student loans, etc.)

 

What can you do?

First, forget Credit Karma. Their reports lack detail and they only cover 2 of the 3 bureaus. You need to know all 3. No lender looks at just 2. Sometimes you get what you pay for, or don’t with them.

Second, I negotiated special pricing with a national company; Identity IQ. Most companies charge up to $35 a month. I got a price of $19.99; not only for credit monitoring but for monthly credit reports with scores for all 3, checking account monitoring, $1 million fraud insurance, and more features.

You must use this link: Identity IQ

We all easily waste $5.00 a week. This is insurance. As important as auto or homeowners.  This has become a must have in the modern era.

You can gamble and be a victim or you can protect yourself.  Your decision.  I urge you to protect yourself as I have spent months working to unravel people’s credit reports that involve fraud.