One of the three major credit reporting bureaus – Equifax, at which, there has been a recent data breach, has generated a situation that is uncomfortable, for the more than 145 million American consumers, whose personal information have been revealed.<\/p>\n\n\n\n
What should be done, to limit the damage, from the data breach, at Equifax, by means of debt consolidation companies<\/em><\/strong>?<\/p>\n\n\n\n However, the most proactive step, as prescribed by the debt help companies<\/em><\/strong>, is freezing your credit. That decision has great advantages \u2013 no one, including you, can access your credit report until you unfreeze (even known as \u201cthaw\u201d) the report using a pin number or phrase.<\/p>\n\n\n\n This alternative of debt relief plans<\/em><\/strong> even comes with great costs in terms of money and inconvenience. But prior to exploration of the pros and cons of that decision, let\u2019s touch on the basics.<\/p>\n\n\n\n Essentially, your credit report becomes inaccessible, without debt help USA<\/em><\/strong>, by means of a credit freeze. That has the implication of the lending institutions, needing that information – like the credit card companies, banks, credit unions, auto dealers – who can’t view the report prior to the decision about extending credit. There are exceptions to it. Have a look at your own records, it is but natural that along with the pre-existing creditors, debt collectors and assorted others. No impact will be held by the freeze on your credit score, but your information is protected, inclusive of your vital Social Security Number (SSN).<\/p>\n\n\n\n The Consequence<\/u>:<\/strong> If your credit history can\u2019t be viewed by new lenders and credit furnishers, not likely it is that they will approve a new credit line in your name. That would reduce any possible identity thieves. Observers of illegal activity agree that most criminals quickly seek other opportunities if roadblocks are put up in their way.<\/p>\n\n\n\n Let’s have a look at the following downsides in context to the advice debt management<\/em><\/a><\/strong>:<\/p>\n\n\n\n Equifax says it will directly notify these newly identified U.S. consumers, and will be offering protection of identity-theft as well as credit file monitoring services at no cost to them.<\/p>\n","protected":false},"excerpt":{"rendered":" One of the three major credit reporting bureaus – Equifax, at which, there has been a recent data breach, has generated a situation that is uncomfortable, for the more than 145 million American consumers, whose personal information have been revealed. What should be done, to limit the damage, from the data breach, at Equifax, by… Continue reading What to do about Equifax Data Breach?<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/509"}],"collection":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/comments?post=509"}],"version-history":[{"count":1,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/509\/revisions"}],"predecessor-version":[{"id":522,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/posts\/509\/revisions\/522"}],"wp:attachment":[{"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/media?parent=509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/categories?post=509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thinkfinanceinc.com\/wp-json\/wp\/v2\/tags?post=509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Some Timid Initial Steps Are There to be Taken by Everyone<\/strong><\/h3>\n\n\n\n
A Brief about Credit Freeze<\/strong><\/h3>\n\n\n\n
Benefits of a Credit Freeze<\/strong><\/h3>\n\n\n\n
Demerits of a Credit Freeze<\/strong><\/h3>\n\n\n\n
Conclusion<\/strong><\/h3>\n\n\n\n