Everyone highly values personal privacy. Having one’s credit history exposed to the public can be traumatizing. It can also lead to a string of other related financial burdens.
A while back, Equifax was hacked. As a result, more than 143 million identities were exposed. It is, therefore, imperative to take proactive steps to protect one’s identity from such fraudulent activities.
The following are some of the fantastic ways one can protect their identity:
- Establish whether you were credit history was exposed during the hack. Equifax has provided a platform on their website for their customers to check.
- Freeze your credit history. It is done by placing an order to freeze your credit history with Equifax or with all the three U.S credit monitoring bureaus. It means that no creditor can access your credit history when they place a soft inquiry.
- Make a habit of reviewing your credit reports. The government provides the annual credit report from all the three credit bureaus once every year. It is critical to ensure that the reports do not have any errors. If there are, report the errors immediately.
- Monitor the accounts: After the hacking incidence, it is possible for a person’s information to be used in making illegal purchases. Therefore, one should carefully monitor the cards for any unusual and unauthorized transactions. In case you note any suspicious activities on the card, report immediately to the relevant authorities.
- It is also wise to change all the passwords to the cards. Most people use simple-to-remember passwords. Such passwords are easy for the scammers to crack. Therefore, mix letters, symbols, and numbers.
- File for the taxes early. These are scammers who hold on to social security information to file for wrongful tax returns and then claim for a refund.
- If you are trying to get out of debt, it is wise to use professional help.
Freedom Debt Relief is dedicated to helping their clients have a solid plan on how to recover from debt. They also offer a loan consolidation plan which ensures that one is only paying the loan to one firm alone.