Equifax - credit freeze is now free?

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Earl Lemongrab
Posts: 2486
Joined: Tue Jun 10, 2014 1:14 am

Re: Equifax - credit freeze is now free?

Post by Earl Lemongrab » Tue Sep 12, 2017 1:09 pm

squirm wrote:
Tue Sep 12, 2017 12:41 pm

Honestly, at this point what difference does it make? Ten years from now your sensitive data will still be available and still for sale...20 years from now, same thing....30years from now, same....
so who cares about 30 days of free account freezes...or 90 days, or 120 days....
Again, freezes are forever (or until you lift them). That is designed to prevent any new credit using your identity. The 30 days is how long you can get one initiated for free. It's not any absolute fix, but every bit helps.
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LadyIJ
Posts: 459
Joined: Thu Mar 06, 2014 8:00 pm

Re: Equifax - credit freeze is now free?

Post by LadyIJ » Tue Sep 12, 2017 2:46 pm

ztn wrote:
Mon Sep 11, 2017 6:10 pm
LadyIJ wrote:
Mon Sep 11, 2017 5:58 pm
ztn wrote:
Mon Sep 11, 2017 5:53 pm
squirm wrote:
Mon Sep 11, 2017 1:31 pm
So what's the point of a free year of credit monitoring? It's not like credit card numbers or passwords were stolen... Social security numbers with all the other information will be on the dark web in perpetuity. What's the point of monitoring, they already have your info. This breach is a game changer. Can you change your social security number?

What also gets me is this major breach was barely mentioned on the news.
+1

This - exactly! The Equifax breach is so different from a hack on a store like Target. The Equifax breach isn't really about credit at all - it's so much more than that. Since my name, date of birth and SS# won't change or ever expire, I will forever have the risk of a crafty thief using my info to commit crimes or steal in my name, drain my accounts or who knows what. Security freezes and 2-factor ID are nice concepts but won't stop a smart determined thief who is using my personal info. And that personal info is now out there forever.
So what to do? We must come up with ways.
I'm not sure there is any magic bullet for this all because of the info that was hacked - name, address, birthday, ss# - does expire or change (unless you move, of course).
What I have done is freeze my credit at the big 4 + Chexsystems for bank accounts. I have also enabled alerts at my credit cards, banks and brokerages for any transactions. A few banks and brokerages don't offer the alert and I intend to close those accounts.
Sadly, even with the freezes and alerts preventing any new debt or bank accounts in my name it is far from foolproof. All it takes is a slick crook who charms a customer service agent from any of my banks or brokerages or even my cell phone provider in order to gain control of my account(s). After all - the crook will have all of my personal info. It will only take a single inexperienced or weak customer service rep to allow access to the crook and then I'm screwed.

we're all probably screwed. I went online and froze my credit a the big 3 - Experian being the only one that charged me $10. I did this yesterday. I see the $10 charge to Experian on my charge but was emailed this morning by my bank that someone fraudulently tried to charge my credit card (the one I used) .87. I had to cancel my card and wait for new one to come. I don't understand. I tried to contact Experian to be SURE I have the freeze with THEM and not some hacker but was on hold for about an hour then I went online and it appears I do, indeed, have the freeze because the only option is to lift the freeze. I will post separately as a warning to others. Maybe the only safe way to do this is by certified mail.

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