No minimum balance required No minimum balance required
Initial requirement of $0.00
Free checks for seniors
September 12, 2017
The Equifax Data Breach: What to do
- 143 million Americans had their Social Security Number, birth date, address, and driver’s license number stolen from Equifax. This information can be used to open a new line of credit using your identity.
- Equifax and the other credit bureaus provide your personal data to your lender when you apply for a loan. Your lender may also provide data about your payment activities to the credit bureaus, but they already have your identify info.
- 209,000 credit card numbers were stolen as well, but that doesn’t put your identity at risk.
- You can check if you’re affected at https://equifaxsecurity2017.com/potential-impact, this site is okay and safe to visit. But watch out for fakes that scammers may send you.
- Equifax is promoting their own credit monitoring service, TrustedID, free for one year but may require payment after that. You must waive your right to class-action or personal lawsuits against Equifax to use this service. LifeLock is a more well-known option for monitoring new credit applications under your identity, but it costs money.
- I recommend a credit freeze. It’s more effective because it blocks all new credit applications under your identity, until you “unfreeze”.