Deleted
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Post by Deleted on Sept 8, 2017 12:27:32 GMT -5
I like wxyz's idea of freezing your credit at each of the bureaus. I closed on my condo back in July and don't plan to open any other loans within the next few years (maybe a car in 4-5 years and even then it may be a cash transaction). I like the idea of no one being able to pull my credit to obtain a loan in my mane without it being unfrozen. I'm thinking of doing that too since I don't foresee ever going to get a loan again, but I do like to play the credit card sign on bonus game....so maybe not.
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saveinla
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Post by saveinla on Sept 8, 2017 12:30:51 GMT -5
Perhaps, nothing is a perfect solution. I froze my credit when we had someone start to write fake checks on our bank account about 15 years ago. I looked at the account one day and there were about $4000 in fake checks to.......VICTORIA'S SECRET. If someone in our house was buying that much fancy underwear I at least wanted to see some of it. Sorry for the hijack - This reminded me of the episode in Everybody Loves Raymond where Frank says to Debra - "Victoria's secret is not a secret anymore".
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bcdfgh
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Post by bcdfgh on Sept 8, 2017 12:32:34 GMT -5
Just requested the bank to close a HELOC since I never use it and don't need it. I'm concerned someone might empty it. With my auto loan, student loan and mortgage paid off and I don't plan to get any loan, I'm thinking about freezing my credit or trashing it by reducing my credit card lines from 50k to 5k. The only thing I need to shop every few yrs is auto/home insurance. Do insurance companies check for credit report/score?
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Gardening Grandma
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Post by Gardening Grandma on Sept 8, 2017 12:56:51 GMT -5
Just requested the bank to close a HELOC since I never use it and don't need it. I'm concerned someone might empty it. With my auto loan, student loan and mortgage paid off and I don't plan to get any loan, I'm thinking about freezing my credit or trashing it by reducing my credit card lines from 50k to 5k. The only thing I need to shop every few yrs is auto/home insurance. Do insurance companies check for credit report/score?Some do. Ours does.
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Green Eyed Lady
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Post by Green Eyed Lady on Sept 8, 2017 13:05:10 GMT -5
This is suspect to me. I wonder if this is a huge scam to scare people into buying into their protection. c Except my understanding was they were offering the service for free to those effected? I haven't looked at it too closely though. Yes, I know. But free for how long? I'm guessing to get their "free" service, you have to give them a card number and you'll have to remember to cancel the service after your free period runs out or you will start to get billed. I hope it's not a scam. Surely, since the breach was their fault, they will cover those affected for as long as they need to cover them.
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Cookies Galore
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Post by Cookies Galore on Sept 8, 2017 13:09:06 GMT -5
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Icelandic Woman
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Post by Icelandic Woman on Sept 8, 2017 13:11:36 GMT -5
I checked mine this morning and it said I was not affected. Yay!
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movingforward
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Post by movingforward on Sept 8, 2017 13:17:45 GMT -5
I find it very suspect that they waited 6 weeks to divulge this information. No, that's not shady at all
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movingforward
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Post by movingforward on Sept 8, 2017 13:19:10 GMT -5
c Except my understanding was they were offering the service for free to those effected? I haven't looked at it too closely though. Yes, I know. But free for how long? I'm guessing to get their "free" service, you have to give them a card number and you'll have to remember to cancel the service after your free period runs out or you will start to get billed. I hope it's not a scam. Surely, since the breach was their fault, they will cover those affected for as long as they need to cover them.
I believe it is a year, and yes, it does look you have to remember to cancel it. Seems like the credit freeze is the way to go...I don't see how using their stupid monitoring service is worth it to me.
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Deleted
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Post by Deleted on Sept 8, 2017 13:25:39 GMT -5
Yes, I know. But free for how long? I'm guessing to get their "free" service, you have to give them a card number and you'll have to remember to cancel the service after your free period runs out or you will start to get billed. I hope it's not a scam. Surely, since the breach was their fault, they will cover those affected for as long as they need to cover them.
I believe it is a year, and yes, it does look you have to remember to cancel it. Seems like the credit freeze is the way to go...I don't see how using their stupid monitoring service is worth it to me. CreditKarma is pretty good and free all the time.
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trippypea
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Post by trippypea on Sept 8, 2017 13:40:53 GMT -5
The credit monitoring they offer is free for a year. You need a credit card to sign up because it will go to autopay after the year is up and they are hoping you don't cancel it (at least some people won't). It is $19.95/month. When they first announced it, the fine print states accepting the monitoring waives your right to sue. However, after they got a lot of flack for it, they have now changed it to you can opt out in writing within 30 days.
This is extremely bad taste to try selling a product to the people that you've just screwed.
Equifax is also saying that this is just credit monitoring. They will not do anything to help you fix it if something happens with your credit.
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trippypea
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Post by trippypea on Sept 8, 2017 14:13:16 GMT -5
If you checked your info with their potential impact tool and you got the message: Thank you! and just an enrollment date next week, you might want to check it again. I got that message for both myself and my husband last night, yet right now I get this message: Thank You. Based on the information provided, we believe that your personal information may have been impacted by this incident. Click the button below to continue your enrollment in TrustedID Premier.
I will not be signing up for their credit monitoring. Instead, I will see about a freeze.
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movingforward
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Post by movingforward on Sept 8, 2017 14:23:10 GMT -5
If you checked your info with their potential impact tool and you got the message: Thank you! and just an enrollment date next week, you might want to check it again. I got that message for both myself and my husband last night, yet right now I get this message: Thank You. Based on the information provided, we believe that your personal information may have been impacted by this incident. Click the button below to continue your enrollment in TrustedID Premier. I will not be signing up for their credit monitoring. Instead, I will see about a freeze. Same message I got today. I love how they say "may have been impacted." In other words, we don't know nor do we care. We just want you to sign up for our credit monitoring program.
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souldoubt
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Post by souldoubt on Sept 8, 2017 14:24:13 GMT -5
I already use Equifax monitoring and according to the site I'm one of the one's impacted. I'm more concerned about my wife as we check our reports twice a year but she doesn't have credit monitoring so if someone opened a card or some other type of loan she wouldn't be notified. Need to check for her later and get her signed up so that she at least gets notices when there's inquiries or new accounts opened in her name.
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chiver78
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Post by chiver78 on Sept 8, 2017 16:07:50 GMT -5
If you checked your info with their potential impact tool and you got the message: Thank you! and just an enrollment date next week, you might want to check it again. I got that message for both myself and my husband last night, yet right now I get this message: Thank You. Based on the information provided, we believe that your personal information may have been impacted by this incident. Click the button below to continue your enrollment in TrustedID Premier. I will not be signing up for their credit monitoring. Instead, I will see about a freeze. Same message I got today. I love how they say "may have been impacted." In other words, we don't know nor do we care. We just want you to sign up for our credit monitoring program. grr.....ditto. I'm not looking to obtain any more credit any time soon, but am still playing the promotional offer shell game with existing accounts. will freezing my account prevent the ultra-lite soft inquiries that allows those offers to come through?
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movingforward
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Post by movingforward on Sept 8, 2017 16:10:29 GMT -5
Same message I got today. I love how they say "may have been impacted." In other words, we don't know nor do we care. We just want you to sign up for our credit monitoring program. grr.....ditto. I'm not looking to obtain any more credit any time soon, but am still playing the promotional offer shell game with existing accounts. will freezing my account prevent the ultra-lite soft inquiries that allows those offers to come through? Good question...IDK
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NoNamePerson
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Post by NoNamePerson on Sept 8, 2017 16:14:42 GMT -5
I want to put freeze on mine also and went to site to scope it out. Learned that I can do it free at all 3 reporting sites since I'm an old person!! But also saw a chat feature from 8am to 12pm so I hope to get there to ask a question that I can't seem to find anywhere else.
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bcdfgh
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Post by bcdfgh on Sept 8, 2017 18:37:17 GMT -5
It sounds like they make more money after the news broke since everyone seems to rush to freeze their credits. I haven't frozen mine yet.
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quince
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Post by quince on Sept 8, 2017 18:48:23 GMT -5
These ridiculous people. One year free. I've had other breaches which were much more quickly disclosed, much less critical information at risk, and offered like 4 years protection for no cost.
The best hope is the sheer number of accounts compromised provides cover.
Without knowing what data was compromised (and based on some articles about the stupidity of all this and range of information types touched, I don't think they segregated data very well) credit freeze would be a joke, because the info to suspend a freeze would have been INCLUDED in the compromised data.
Head + Wall.
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Gardening Grandma
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Post by Gardening Grandma on Sept 8, 2017 19:52:05 GMT -5
Same message I got today. I love how they say "may have been impacted." In other words, we don't know nor do we care. We just want you to sign up for our credit monitoring program. grr.....ditto. I'm not looking to obtain any more credit any time soon, but am still playing the promotional offer shell game with existing accounts. will freezing my account prevent the ultra-lite soft inquiries that allows those offers to come through? We did it a few years back, and based on our experience, yes.
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Deleted
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Post by Deleted on Sept 8, 2017 20:02:42 GMT -5
These ridiculous people. One year free. I've had other breaches which were much more quickly disclosed, much less critical information at risk, and offered like 4 years protection for no cost. The best hope is the sheer number of accounts compromised provides cover. Without knowing what data was compromised (and based on some articles about the stupidity of all this and range of information types touched, I don't think they segregated data very well) credit freeze would be a joke, because the info to suspend a freeze would have been INCLUDED in the compromised data.
Head + Wall. Yeah, but don't you think with 143 million accounts to choose from that they would go with the ones with the path of least resistance? Try to open a line of credit with this number and find out it's frozen. Either A. Go through the BS to unfreeze it or B. Choose from the other 142,999,999 accounts left?
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bean29
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Post by bean29 on Sept 8, 2017 20:34:48 GMT -5
Just requested the bank to close a HELOC since I never use it and don't need it. I'm concerned someone might empty it. With my auto loan, student loan and mortgage paid off and I don't plan to get any loan, I'm thinking about freezing my credit or trashing it by reducing my credit card lines from 50k to 5k. The only thing I need to shop every few yrs is auto/home insurance. Do insurance companies check for credit report/score? Yes. Not all, but many of them do.
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resolution
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Post by resolution on Sept 8, 2017 21:02:03 GMT -5
I am still getting free credit monitoring from a Sony breach 8 years ago. And Sony only had a tiny fraction of the data that Equifax lost. I am definitely not signing away my rights in exchange for one measly year of credit monitoring. Hopefully someone will sue their ass and we will all get a much more extended monitoring period.
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TheOtherMe
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Post by TheOtherMe on Sept 8, 2017 21:40:53 GMT -5
I am going to freeze my credit.
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chiver78
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Post by chiver78 on Sept 8, 2017 22:17:23 GMT -5
for anyone looking to initiate a freeze, this is what I found from the FTC for FAQs - linkone entry confuses me in regards to what another poster's experience was. has anyone else had experience with this? the italics are my question. what about soft inquiries for promotional rates on EXISTING accounts?
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NoNamePerson
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Post by NoNamePerson on Sept 9, 2017 7:31:47 GMT -5
Just requested the bank to close a HELOC since I never use it and don't need it. I'm concerned someone might empty it. With my auto loan, student loan and mortgage paid off and I don't plan to get any loan, I'm thinking about freezing my credit or trashing it by reducing my credit card lines from 50k to 5k. The only thing I need to shop every few yrs is auto/home insurance. Do insurance companies check for credit report/score? Yes. Not all, but many of them do. Funny you mentioned this since I may be shopping insurance after first of year. I sent "email" to my current provider asking that very question. I specifically mentioned freeze on credit due to breach. And also asked which bureau they would be using.
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NoNamePerson
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Post by NoNamePerson on Sept 9, 2017 7:35:08 GMT -5
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Deleted
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Post by Deleted on Sept 9, 2017 8:18:06 GMT -5
Just froze Equifax and Transunion, will do Experian later. Equifax was easy, Transunion a PITA (had to resurrect sign-in details from ages ago when I used annualcreditreport.com) and Experian tried to sell me something that lets me lock and unlock on my own for $5/month instead of a one-time charge to lock and then $5 to temporarily unlock if I apply for credit. Need to poke through the menus some more.
And it makes me happy that they'll have fewer prospects to sell to the credit card issuers as a result of so many people freezing their credit info. Maybe it will stem the tide of $450 annual fee cards I keep getting in the mail.
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8 Bit WWBG
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Post by 8 Bit WWBG on Sept 9, 2017 8:29:15 GMT -5
...:::"Sometimes I think I have better protection on my PC than these yokels/large companies.":::...
Odds are, you probably do. There are many back-end legacy systems that are running on OLD technology. They do so much and are so intertwined with everything, that rebuilding them or taking them down is extremely costly and often impractical. So they are eternally patched.
I did see several comments in other articles about the waiving the right to sue and agreeing to binding arbitration. I think that is another pro-corporate travesty that has become an unavoidable part of doing business with any major carrier of anything.
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8 Bit WWBG
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Post by 8 Bit WWBG on Sept 9, 2017 8:33:46 GMT -5
For what it's worth, I'm betting it's not next year we have to worry about, it's 3-5 years from now. If I were the thief, I'd just sit on the numbers until the hubbub died down and all the monitoring periods expired. With that volume of data, I can wait a few years to start pulling triggers.
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