Don't Give a "One and Done" to the Equifax Breach

By
Mortgage and Lending with NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 IL Lic 031.0006220/WI
http://actvra.in/574C

 

Don't Give a "One and Done" to the Equifax Breach

 

By now, you've probably heard and seen multiple articles regarding the recent Equifax breach of security.  I myself have written and addressed this breach in an earlier post.

 

You may believe you've seen and absorbed all the details and instructions surrounding this breach.  And that you've taken the necessary steps to check your credit and finances in order to either repair your compromised credit or further protect yourself.  


That may or may not be true.  Are you willing to take that gamble?  

Seemingly, many are ...  

 

I say that because, as I've continued to read comments left on my post and others' concerning this breach, one thing has become abundantly and alarmingly clear.  


Too many people incorrectly believe that this notice of the Equifax breach requires a "one and done" reaction.  Too many assume that if they check their credit and finances now ... and find no current signs of problems ... that they are in the clear.  That they can breathe a sigh of relief.  

Sadly, that's not true.

Stolen private and financial information can have a long and indefinite shelf life in the resale scam market.  Just because a breach of your credit and finances has not reared its ugly head yet today ... does not mean it won't do so at some point in the future.  

As offered in my previous post regarding this breach ...  

You should react to this Equifax breach assuming the worst.  And that's both in the short and long term.  

You should proactively continue to take measures to protect yourself, your finances, and your credit history/credit scores moving forward ... no matter what your credit inquiries find right now.  Consistent timely monitoring is called for.

Adopt this mindset.  Make it your routine.  You'll be better protected and prepared should any issues arise in the future.

If you've found that you've already been compromised as a result of this Equifax breach, take action quickly.  Following are some of the actions you should take:

  • Contact your bank/financial institution(s).  Cancel credit and debit cards immediately.
  • Consider closing your Checking Account(s).  Reopen a new one.     
  • Change Account Passwords.  
  • Change Account Security Questions.
  • Consider placing a fraud alert or credit freeze.  Educate yourself thoroughly prior to taking action.
  • Go to annualcreditreport.com for a free credit report.  Review it thoroughly.  
  • Go to IdentityTheft.gov or call 1-877-438-4338 to report the compromise.
  • Contact any businesses where bogus accounts were opened.  Ask that account(s) be closed.  
  • If your Driver's License has been stolen:  Find your nearest motor vehicles office at usa.gov/Motor-Vehicle-Services. File a Report.
  • Don't overlook checking these types of accounts too:  Student Loans, Utilities, Cell Services, Retirement Accounts, Investment Accounts, etc. 

I can't stress these very important points strongly enough:  

  1. If you suffered stolen info/data:  Keep detailed accountings of any actions you take to address issues that arise.  
  2. Always request that letters/written proof of your request(s) and confirmation of account closings be forwarded to you.  
  3. Follow-up on communications and requests until they're acknowledged/received.  Having this written proof in your possession can save you time and frustration in the future.
  4. Continue to monitor your personal information, credit, credit report, accounts, and finances on a consistent basis in the future.  

Those intending to do harm using stolen personal and financial information can and will try to do so indefinitely.  This is NOT a "one and done" call to action.

 

Stay vigilant from this point forward.  Take measures to protect yourself from the havoc that may result from the Equifax breach or any others that might occur in the future. 

 

*  Hoping to Buy or Refinance a home in the Chicagoland area?  Contact Me!  I'll put my 40 years at Mortgage experience and expertise hard to work on your behalf.  

I'm easily found at: 

 

Gene Mundt

Mortgage Originator  -  NMLS #216987  -  IL Lic. 031.0006220  WI License #216987

American Portfolio Mortgage Corp.

NMLS #175656
 
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
 
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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                   IL Lic. #0006220  -  WI License                                                                                                     

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

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Re-Blogged 9 times:

Re-Blogged By Re-Blogged At
  1. Jeff Dowler 09/12/2017 08:21 PM
  2. Michelle Carr-Crowe-Top 1% Diamond Certified Real Estate Team Sells Cupertino San Jose Homes-Just Call 408-252-8900 09/12/2017 10:38 PM
  3. Gayle Barton, Forsyth County Real Estate 09/14/2017 08:00 AM
  4. Mary Douglas 09/13/2017 07:26 AM
  5. Wanda Kubat-Nerdin 09/13/2017 01:56 PM
  6. Debra Leisek 09/13/2017 11:58 PM
  7. Debbie Walsh 09/14/2017 01:24 PM
  8. Eva B. Liland with Century 21 Doug Anderson 09/16/2017 02:02 AM
  9. Roy Kelley 09/19/2017 02:00 AM
Topic:
Lending / Financial
Location:
Illinois Will County New Lenox
Groups:
Mortgages
Home & Credit Savvy
Chicago Area Real Estate BUZZ!
Bananatude
WillCounty
Tags:
security tips
credit tips
security breach
protecting your identity accounts
equifax breach
running your credit report

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Ambassador
1,315,044
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

We are both listed as potentially affected - so assuming the worst. This is beyond unsettling. I am monitoring all accounts like a mad woman - daily and sometimes twice or three times a day. But, I'm with Dick and other commenters - we can't change our SS #s and that's a huge monster in the closet. D 

Sep 13, 2017 06:15 AM #25
Rainmaker
3,728,100
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for the great advice, Gene.  I hope to check into all this once my power and internet are restored.

Sep 13, 2017 06:40 AM #26
Rainer
351,096
Anna Hatridge
Goodson Realty - Bonne Terre, MO
Missouri Realtor with Goodson Realty

Since I am potentially affected I so much appreciate this list of how to keep track of my efforts to keep everything safe.

Sep 13, 2017 06:47 AM #27
Rainmaker
2,142,919
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

This man should be in charge of the "breach" hot-line thank you

Sep 13, 2017 06:57 AM #28
Rainmaker
1,321,286
Lise Howe
Long and Foster - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

I have some work to do - thanks you so much for the great suggestions

Sep 13, 2017 07:04 AM #29
Rainmaker
532,486
Nick & Trudy Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtors, Philly Main Line

What good advice Gene as always.

Sep 13, 2017 11:56 AM #30
Ambassador
1,834,140
Wanda Kubat-Nerdin
Residential, Referrals & Relocation REALTOR at PK Real Estate Utah South - St. George, UT
St. George Area Preferred Residential REALTOR®

I just pulled mine and put an alert in case someone tries to open another account. Thanks again for the thoughtfulness and care you put into this post Gene, always appreciated! Re-blogging.

Sep 13, 2017 12:33 PM #31
Rainmaker
481,262
Elva Branson-Lee
Solid Source Realty GA - Atlanta, GA
CDPE - Atlanta Real Estate & Short Sale Agent

Aye-aye-aye! One more thing to have to worry about. I wish credit weren't such a necessary part of modern ife. Thanks for the info, Gene.

 

Sep 13, 2017 12:48 PM #32
Rainmaker
257,621
John Wiley
Jones & Co. Realty - Cape Coral, FL
Lee County, FL Real Estate GRI, SRES,SFR,PSA

Thanks Gene for a timely warning and giving us encouragement to follow up on our accounts.

Great advice.

Sep 13, 2017 02:47 PM #33
Rainmaker
1,096,048
Jane Peters
Home Jane Realty - Los Angeles, CA
Connecting you to the L.A. real estate market

I did put a credit freeze on in any case. and thanks to you I have just added alerts. As always you provide so much useful information.

Sep 13, 2017 03:34 PM #34
Rainmaker
787,443
Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging that Sells Portland Homes"

Thanks Gene for your updated blog and detailed advice for those of us included in the Equifax hack.  I'm planning to freeze my credit and hope for the best!!

Sep 13, 2017 04:47 PM #35
Rainmaker
473,297
Debra Leisek
Bay Realty,Inc Homer Alaska - Homer, AK

Thank you for all the information and warnings to not be complacent. This will cause havoc for years to come!  You may get a record on reblogs! We all want to share this information with our clients, friends and Family!

Sep 14, 2017 12:00 AM #36
Rainmaker
537,760
Lori Cain
eXp Realty - Tulsa, OK
Midtown Tulsa Real Estate Top Producer

Gene - after reading your first post, I did go ahead and sign up at Equifax; then I purchased a subscription to LifeLock.  I was able to put a credit freeze on Experian - smooth process entering data over phone, but have not yet completed this task on Exquifax or Transunion.

My debit card was hacked a little over a month ago - possibly a result of this freeze or maybe coincidence. Thankfully I caught it after 2 days (total of 4 transactions). This week I've reported 2 suspect charges to PayPal. 

I also went in to individual credit cards and set up alerts. A few had options to be text messaged for all purchases made online or over the phone. 

Thanks for all the great suggestions and resources.  This is not a matter to be taken lightly. 

Sep 14, 2017 03:37 AM #37
Rainmaker
1,382,321
Gary L. Waters, Broker Owner, Waters Realty of Brevard, LLC
Waters Realty of Brevard, LLC - Rockledge, FL
... a small office, delivering big service!

I, and my wife, were potentially compromised. Previously monitored credit but now stepped up more.  Thanks!

Sep 14, 2017 07:49 AM #38
Rainer
17,450
Pat Glass
Dagny's Real Estate - Wilton, CT

Great and timely advice for all of us to be much more vigilant. Thanks for the "Heads Up"

Sep 14, 2017 11:36 AM #39
Rainmaker
2,192,359
Rebecca Gaujot
Perry Wellington Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

This is sage advice and looks like I have more to do,

Sep 14, 2017 05:03 PM #40
Rainmaker
76,172
Eva B. Liland with Century 21 Doug Anderson
Century 21 Doug Anderson - Lancaster, CA
Selling Your Home in Today's Market

Thanks for this post, one and done, I think not. Will do a reblog and post it on Facebook where I will boost my post.

Sep 16, 2017 01:47 AM #41
Ambassador
2,927,615
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Gene- I hope that everyone reads this and follows what you've said. A few weeks ago I was concerned that my information might have been compromised and called to put a hold on new credit for 90 days. I'm in the process of changing passwords (Larry will cringe but too bad. )

Sep 16, 2017 01:13 PM #42
Ambassador
3,161,679
Debbie Reynolds
Berkshire Hathaway HomeServices PenFed Realty, Your Clarksville Real Estate Professional - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

This will take constant watching and monitoring. Great post, Gene.

Sep 17, 2017 07:06 PM #43
Rainmaker
108,869
Stavrula "Sam" Crafa, RNC,GRI, CDPE, PSA
Future Home Realty - Seminole, FL
Providing the integrity and service you deserve.

I signed up for the credit monitoring. This is the second time this year the my info may have been compromised. Frustrating to say the least. Thanks for the suggestions. 

Sep 17, 2017 08:38 PM #44
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Rainmaker
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Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi

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