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Concerned About the Equifax Breach? Here’s How to Freeze Your Credit

Posted by Seton McAndrews | CFP®, Vice President Investments

September 11, 2017

Over the past few days we’ve had many clients mention their concerns about the Equifax data breach, which got us talking about how to protect your credit if it’s possible your personal information is at risk. And, as the number of impacted Americans continues to grow, it’s worth knowing what options you have to protect yourself from fraud.

Equifax built a Cybersecurity Incident website for you to see if your personal information has been impacted - check to see if your security was impacted here.

While some people are considering Equifax’s own credit monitoring service, another option that you have is to freeze your credit across all three major reporting agencies. But what does that mean, and how do you do it?

A Quick Explanation

Freezing your credit basically places restrictions on who can view your credit report. Once your credit is frozen only yourself, existing lenders, or their debt collectors will be able to see it, according to federal regulators. (Government agencies carrying out a search warrant or subpoena are still able to access your credit records as well.) 

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