The Equifax Tango

2017 September 20
by drdog09

As a public service this post is a short primer on how to lock your personal credit file. But before you run off to do this a few points:

* Plan on expending between $45-60 on this endeavor.
* Locking your file does not prevent you from using your existing credit lines and cards.
* Locking WILL prevent you or anyone else from opening new credit lines.
* All three credit reporting agencies can lift a credit lock either temporarily or permanently for a fee of course.

So to begin to protect yourself I recommend the following three step process —

1) On all your existing online accounts change the user name and password immediately. Write them down and secrete them in a safe place.^

2) For your financial accounts (banks, brokers, money markets) request the opening of new accounts with new ID numbers and have the balances on the old accounts transferred to them. Have a human do this and request a printout that the account is closed and it be counter signed by the operator. Do not accept a verbal ‘Done’. Banks are notorious for reopening old accounts (re Wells Fargo fiasco). You need evidence if you have to go to court. KEEP THE EVIDENCE.

3) Then proceed to request locks with the three reporting agencies on your credit file.

Credit Lock

A common thread in all three agencies is that you must generate a PIN code to validate yourself thru the process. WRITE THOSE PINS DOWN!

Equifax

Link: https://www.freeze.equifax.com/Freeze/jsp/SFF_PersonalIDInfo.jsp
Cost: $5-$10, varies by state. See here.
Notes:
If you prefer to do this by snail mail —

If you choose, you may also request a security freeze by calling our automated line at 1-800-685-1111 (NY residents please call 1-800-349-9960) or submitted your request in writing to:
Equifax Security Freeze
P.O. Box 105788
Atlanta, Georgia 30348

Please be sure to include the following:
– Your complete name including any suffix (e.g. JR., Sr., etc)
– Complete address
– Social Security Number
– Date of Birth
– Payment

TransUnion

Link:https://freeze.transunion.com/sf/securityFreeze/landingPage.jsp
Cost: $0 – $10, varies by state. See here.
Notes: TransUnion does not appear to have a alternate method of processing a freeze request.

Experian

Link: https://www.experian.com/ncaconline/freeze
Cost: $0 – $15, varies by state.
Notes: Experian seems to have taken the ‘by state’ rules on credit reporting to the max. So the process is exact to the state. To see what the process might be other than online and associated costs go here. Then execute what is required.


Keep in mind that once you have completed locking down your accounts if you wish to open up another credit line you will need to unlock the credit file. Before you do that ask the firm which of the three bureaus they use. Only issue a temporary lift that one agency. If the company refuses to provide that information it might be wise to not do business with them. They do not have your interests at heart.

Good luck!

^BJG does not store any financial data.

9 Responses leave one →
  1. 2017 September 20 8:11 am
    [1]
    drdog09 permalink

    Post provided as a public service. Share far and wide.

    Thank you.

  2. 2017 September 20 11:30 am
    [2]
    bc3b permalink

    Music majors are the best. I’d hire a music major (if she was hot), but I wouldn’t put her in charge of Internet security.

  3. 2017 September 20 1:54 pm
    [3]
    justrand permalink

    Thus, drdog…I will use it and share it!

  4. 2017 September 20 5:55 pm
    [5]
    drdog09 permalink

    Weiner, remember him? — http://www.zerohedge.com/news/2017-09-20/prosecutors-unveil-full-details-anthony-weiners-pedophilia — Govt is asking for at least 2 years in prison. Weiner will get all the sex he wants now…. Provided Bruno from Block D is willing to share…

  5. 2017 September 20 6:13 pm
    [6]
    drdog09 permalink

    At this point I classify Equifax as a national security issue — https://www.theverge.com/2017/9/20/16339612/equifax-tweet-wrong-website-phishing-identity-monitoring — Yet another bungle. These people are materially incompetent.

  6. 2017 September 21 4:38 am
    [7]
    drdog09 permalink

    O’Donnell is not nuts — https://youtu.be/ojOxXFJakSE — He was driven mad by the Gods of the copy book headings….. 🙂

  7. 2017 September 21 6:22 am
    [8]
    justrand permalink

    who knew that a MUSIC major with ZERO experience or background in ANY form of security, would be a bad choice to head the SECURITY department of a company holding millions upon millions of bits of data about almost everyone.

  8. 2017 September 21 6:55 am
    [9]
    drdog09 permalink

    8,

    That’s diversity for ya!

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