In the wake of the Equifax data breach, there has been much discussion about the effects of the breach, and how to protect yourself if you were affected. Even though I confirmed that I was not affected by the breach through Equifax’s website, out of an abundance of caution I chose to freeze my credit reports with each of the three major credit reporting agencies, Equifax, Transunion, and Experian. You can check whether you were impacted by the Equifax breach here: https://www.equifaxsecurity2017.com/am-i-impacted/.
Although I’ve (thankfully) never been a victim of identity theft, I chose to freeze my credit reports because unfortunately I’ve witnessed clients who have experienced identity theft – it’s expensive, time-consuming, and can quickly ruin your financial independence. For a window into what can be involved in an identity theft case, check out the Federal Trade Commission’s Identity Theft website at www.IdentityTheft.gov. To me, the small headache of lifting the freeze when I want to open a new account is a worthwhile step to help avoid a devastating identity theft situation. Continue Reading How To Freeze Your Credit Reports