Following the hacking of Equifax which exposed confidential data of over 143 million Americans, here are six ways to safeguard your financial history from fraud or theft in future.
You can register for the free credit monitoring and protection for a full year starting today until November 21, 2017. This registration will aid you to receive your Equifax credit report as well as the ability to freeze your Equifax report if needed. A freeze ensures no other creditors can view your credit history via Equifax.
Credit Freeze for other Credit Agencies
It is the norm for creditors to first see your credit history before granting you new credit. For this reason, if a hacker intends on opening new credit, they will fail as the creditors cannot view your financial history. In the event you want new credit, you can just unfreeze credit by simply calling using secure pin you had used during the beginning of the freeze.
Keen Review of Credit Reports
Make sure to check all credit reports for any incorrect addresses, misspellings and strange credit amounts, moreover, if there are any errors; address them as soon as possible.
Another step is to ensure constant monitoring of all your bank and credit card amounts so that in case of any unauthorized activity, you can address it immediately instead of waiting for monthly statements. In case of any suspicious account activity, report it to the fraud monitoring department who can assist you without any unauthorized charges.
Create complex passwords that have letters, symbols, and numbers to secure your accounts. Avoid using easy to remember passwords like birthdays or children’s name. Furthermore, have different passwords for each online account and change it on a monthly basis.
Monitor your Kid’s Credit
Most children don’t use credit, and it can be awhile before one realizes that their child’s Social Security Number has been stolen. Kids in the foster system are more prone to such frauds because their records can be accessed in from the public system. By monitoring your child’ credit, you get to protect them from fraudsters as well as teach them about credit for their future. For more info about us: https://my.freedomplus.com/ click here.
FreedomPlus is an online personal lender that aids individuals to borrow fixed rate personal loans ranging between $10,000 to $35,000 to finance their daily needs. FreedomPlus provides competitive rates and loan terms from 2 to 5 years. Moreover, FreedomPlus has no hidden costs or prepayment penalties. The loan application process is simple, and when not sure which credit to take, one can get in touch with a loan consultant via the phone.