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

Reblogger Wanda Kubat-Nerdin
Real Estate Agent with Residential, Referrals & Relocation REALTOR at PK Real Estate Utah South UT DRE# 6541633-SA00

If you're of the mindset that it will never happen to you, think again. Due to the Equifax breach, countless people are at risk and need to be proactive regarding their credit. This is the best explanation by Gene Mundt that I've seen to date! Please read, note and pass on.

 

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. 

 

Your Referrals & Testimonials are Always Greatly Appreciated! 

 

Email Me .. to be added to my Mortgage & Real Estate Newsletter

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Wanda Kubat-Nerdin I am sure, they are not telling us everything about the breach. 

Sep 13, 2017 02:14 PM #1
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Wanda Kubat-Nerdin
Residential, Referrals & Relocation REALTOR at PK Real Estate Utah South - St. George, UT
St. George Area Preferred Residential REALTOR®

You may be right about that John Pusa. If it took that long for them to disclose to the public that they were breached, a lot remains in question!

Sep 13, 2017 02:50 PM #2
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Anna Banana Kruchten CRS,CRB
Phoenix Property Shoppe - Phoenix, AZ
Arizona's Top Banana of Real Estate!

Hi Wanda - really good idea to get this info out there and follow up on it as we all learn more to this story.

Sep 13, 2017 04:55 PM #3
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Wanda Kubat-Nerdin
Residential, Referrals & Relocation REALTOR at PK Real Estate Utah South - St. George, UT
St. George Area Preferred Residential REALTOR®

Yes it is Anna Banana Kruchten,CRS,CRB,GRI and I took Gene's advice and oredered a report AND put an alert in case someone tries to open an account. We must be aware and take precautions for our own sake!

Sep 13, 2017 05:44 PM #4
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