Bay Realty Blog: Don't Give a "One and Done" to the Equifax Breach

Don't Give a "One and Done" to the Equifax Breach

According to Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi 

Those intending to do harm using stolen personal and financial information can and will try to do so indefinitely.  This is NOT a "one and done" call to action.

 

So dont be complacent. be Praavtive to protect yourself. Good information here from Gene Mundt, IL/WI Mortgage Originator

 

Don't Give a "One and Done" to the Equifax Breach

 

By now, you've probably heard and seen multiple articles regarding the recent Equifax breach of security.  I myself have written and addressed this breach in an earlier post.

 

You may believe you've seen and absorbed all the details and instructions surrounding this breach.  And that you've taken the necessary steps to check your credit and finances in order to either repair your compromised credit or further protect yourself.  


That may or may not be true.  Are you willing to take that gamble?  

Seemingly, many are ...  

 

I say that because, as I've continued to read comments left on my post and others' concerning this breach, one thing has become abundantly and alarmingly clear.  


Too many people incorrectly believe that this notice of the Equifax breach requires a "one and done" reaction.  Too many assume that if they check their credit and finances now ... and find no current signs of problems ... that they are in the clear.  That they can breathe a sigh of relief.  

Sadly, that's not true.

Stolen private and financial information can have a long and indefinite shelf life in the resale scam market.  Just because a breach of your credit and finances has not reared its ugly head yet today ... does not mean it won't do so at some point in the future.  

As offered in my previous post regarding this breach ...  

You should react to this Equifax breach assuming the worst.  And that's both in the short and long term.  

You should proactively continue to take measures to protect yourself, your finances, and your credit history/credit scores moving forward ... no matter what your credit inquiries find right now.  Consistent timely monitoring is called for.

Adopt this mindset.  Make it your routine.  You'll be better protected and prepared should any issues arise in the future.

If you've found that you've already been compromised as a result of this Equifax breach, take action quickly.  Following are some of the actions you should take:

  • Contact your bank/financial institution(s).  Cancel credit and debit cards immediately.
  • Consider closing your Checking Account(s).  Reopen a new one.     
  • Change Account Passwords.  
  • Change Account Security Questions.
  • Consider placing a fraud alert or credit freeze.  Educate yourself thoroughly prior to taking action.
  • Go to annualcreditreport.com for a free credit report.  Review it thoroughly.  
  • Go to IdentityTheft.gov or call 1-877-438-4338 to report the compromise.
  • Contact any businesses where bogus accounts were opened.  Ask that account(s) be closed.  
  • If your Driver's License has been stolen:  Find your nearest motor vehicles office at usa.gov/Motor-Vehicle-Services. File a Report.
  • Don't overlook checking these types of accounts too:  Student Loans, Utilities, Cell Services, Retirement Accounts, Investment Accounts, etc. 

I can't stress these very important points strongly enough:  

  1. If you suffered stolen info/data:  Keep detailed accountings of any actions you take to address issues that arise.  
  2. Always request that letters/written proof of your request(s) and confirmation of account closings be forwarded to you.  
  3. Follow-up on communications and requests until they're acknowledged/received.  Having this written proof in your possession can save you time and frustration in the future.
  4. Continue to monitor your personal information, credit, credit report, accounts, and finances on a consistent basis in the future.  

Those intending to do harm using stolen personal and financial information can and will try to do so indefinitely.  This is NOT a "one and done" call to action.

 

Stay vigilant from this point forward.  Take measures to protect yourself from the havoc that may result from the Equifax breach or any others that might occur in the future. 

 

*  Hoping to Buy or Refinance a home in the Chicagoland area?  Contact Me!  I'll put my 40 years at Mortgage experience and expertise hard to work on your behalf.  

I'm easily found at: 

 

Gene Mundt

Mortgage Originator  -  NMLS #216987  -  IL Lic. 031.0006220  WI License #216987

American Portfolio Mortgage Corp.

NMLS #175656
 
Direct: 815.524.2280
Cell or Text: 708.921.6331
eFax: 815.524.2281
 

  

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Gene Mundt

 Mortgage Originator  -  NMLS #216987    

                                   IL Lic. #0006220  -  WI License                                                                                                     

NMLS #175656

 

Gene Mundt, Mortgage Originator,  40+ years of #mortgage experience, will offer you exemplary mortgage service and advice when seeking:  #Conventional, #FHA, #VA, #Jumbo, #USDA, and Portfolio Loans in #Chicago and the greater Chicagoland region, including:  The #Lincoln-Way Area, #Will County, (#New Lenox, #Frankfort, #Mokena, #Manhattan, #Joliet, #Shorewood, #Crest Hill, #Plainfield, #Bolingbrook, #Romeoville, #Naperville, #Wilmington, #Peotone, etc.), #DuPage County, the City of Chicago, #Cook County, and elsewhere within IL and Wisconsin. 

 

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Comment balloon 7 commentsDebra Leisek • September 14 2017 06:58AM

Comments

The info will be around for years so a person needs to stay vigilent

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 1 year ago

With the rise of identity theft, it's important to have protections in place and be proactive.

Posted by Nathan Gesner, Broker / Property Manager (American West Realty & Management) about 1 year ago

Hello Nathan Gesner  and William Feela  It really is long term issue... the world has become a series of unbelievable issues caused by people we will never meet... crazy!

Posted by Debra Leisek ( Bay Realty,Inc Homer Alaska) about 1 year ago

Hello Debra,

Great re-post and I do my best to refrain from online banking especially mobile, using banks for financing, credit checks, etc.

I seriously think that the 140 million people that have been breached should open a class action lawsuit and shut down Equifax.

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) about 1 year ago

i do too Robert Vegas Bob Swetz  they seriously have allowed harm to us and then covered it up while they sold off their stock. criminal

Posted by Debra Leisek ( Bay Realty,Inc Homer Alaska) about 1 year ago

Yes very criminal and similar to when the stocks crashed causing the RE crash 

Sometimes I really wonder in our government has their sticky hands in on these deals?

Posted by Robert Vegas Bob Swetz, Las Vegas Henderson Homes for Sale (Realty ONE Group) about 1 year ago

I sure hope not Robert Vegas Bob Swetz  but I do hoope they investigate why they waited so long to tell us while they sold their own stock in the company!

Posted by Debra Leisek ( Bay Realty,Inc Homer Alaska) about 1 year ago

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