You’d have to be under a rock to not have heard of the Equifax hack that exposed the personal information of millions of customers (143 millions to be exact) that amount to essentially 1/2 of the entire U.S. population. It’s alarming and frustrating because the nature of their organization does not allow us to opt out of their business model. If a hack of that magnitude occurred at my financial institution, I would simply take my business elsewhere. But, the way our credit system works, we do not get a say as consumers. If you have a pulse and you have any credit history, at least one, if not all three credit bureaus, will have a lot of personal information about you.
If you ever looked at your credit report, you’ll see that almost everything except your medical history is included (past and current addresses, employers, account balances, payment history, phone numbers, etc.) If you think that’s alarming, I’ve got news for you that should make it worse: honestly, there is nothing you can do about those organizations having your information other than living off the grid like those crazy cult people (who may be on to something) who shun the use of credit, social security numbers, and civilization altogether.
While you can’t keep the information from getting out, you can prevent someone from using it for nefarious purposes. After thinking it over, I decided that the 7 year credit freeze was overkill and instead opted for a 90-day fraud alert. The fraud alert allows me to block any attempt at applying for credit without the potential lender first calling me on the phone to verify that I am indeed the one applying. It is free, fast and convenient to do, and best of all, you only have to contact one of the three agencies as they are required to notify the other three. The alert lasts 90 days and you can keep renewing it every 3 months. You can do it over the phone or on any of the three reporting bureaus’ website (phone numbers and links below).
See below for their contact information and good luck! If you’re concerned about your information being in the hands of criminals, just think of it that way, at least you have it better than the three Equifax executives who will probably end up in jail for insider trading. I hear prison food is terrible.