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This is great advice and appears to be a good thing to do, but I just feel weird giving equifax money to protect me from fallout of their data breach. It feels
by sean2 9y ago
This is great advice and appears to be a good thing to do, but I just feel weird giving equifax money to protect me from fallout of their data breach. It feels like I'm rewarding them for losing my data.
I bet millions of Americans, who are suddenly aware of their vulnerability to credit fraud and learning about these options, are paying for requests and freezes.
- njarboe 9y agoYup. P/E of Equifax way up next quarter.
- mildavw 9y agoYeah, it bugs me too. What about letting "natural consequences" befall Equifax (or rather its customers)? I take no action now. Scammer gets a $10k loan from BigBank using my info. I get the bill and report it as fraud. Write a few letters to clear it up (http://www.kalzumeus.com/2017/09/09/identity-theft-credit-reports/ http://www.kalzumeus.com/2017/09/09/identity-theft-credit-re...). BigBank will be out $10k and is now motivated to figure out a better way to make loans.
- PaulHoule 9y agoMaybe that big bank should decide not to get credit reports from Equifax and not to send them data. It would be a way to show that self-regulation works before the government forces their hand.
- cr0sh 9y agoIt didn't cost me anything to do a freeze with equifax; but I have heard of others paying. I am wondering if they only do it for free on those affected by the "hack"? For the others, I had to pay - Transunion and Experian - $5.00 each; ChexSystems and Innovis were free also.
- cag_ii 9y agoI believe Equifax dropped the credit freeze charge due to the backlash [0]. The other reporting agencies may still charge however. [0] https://www.nytimes.com/2017/09/12/your-money/equifax-fee-waiver.html https://www.nytimes.com/2017/09/12/your-money/equifax-fee-wa...