On September 7th, Equifax announced that they had been hacked and about half the population of the U.S. had their private info stolen. The hackers stole names, social security numbers, addresses, birth dates, credit card numbers, and in some cases driver’s license numbers.
In case you don’t know who Equifax is, they are one of the 3 credit reporting bureaus that provide your credit score when you apply for loans. So they basically have info on every person who has credit.
Get Free Credit Monitoring if You’re a Victim
You can go to Equifax’s site and find out if you were one of the victims and if so, they will send you over to a credit monitoring service that will watch your credit for free. This service is usually pretty pricey, but they will cover the cost for you. This is a good idea because they will alert you if someone tries to commit fraud with your info.
However, according to the fine print of the free credit monitoring, if you sign up for the free service you will be giving up your right to be part of any class action lawsuit that may arise. There is a pretty low likelihood that you could get much money in any class action lawsuit because half of the population in the United States will be eligible to be part of the class.
If you decide to hold out for the suit, then you really should get a paid credit monitoring service somewhere else. The sad truth is that credit card fraud happens all the time and so you really have to review your statements regularly to make sure your cards aren’t compromised.
My 13-year-old daughter had her debit card stolen just the other day, only a month after opening her first bank account. They wiped out everything she had in there. She was completely distraught and in tears.
Luckily, we were able to get the money back after disputing the transactions. But many people don’t even check their statements to see if anything like this has happened. Don’t be the person who doesn’t notice.
Again, the website for checking to see if you were a victim of the hack is: https://www.equifaxsecurity2017.com/.
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