ShareThe personal information of more than 147 million Americans was exposed in 2017 following a massive security breach of consumer credit reporting agency Equifax. The credit service will pay out a total of up to $700 million to those affected by the security hack, according to settlement reached with the Federal Trade Commission on Monday.
Sign with logo and a portion of the main building are visible at the headquarters of credit bureau Equifax in downtown Atlanta, Georgia, September 20, 2017.While Equifax has since patched its security hole, the breach has presented a prime opportunity for American consumers to brush up on their know-how of filling out a request for a proper credit report. Under the Fair and Accurate Credit Transactions Act of 2003, U.S.
It is also encouraged for people to be aware of credit reporting services' URLs when requesting a report. Many fraudulent companies bank on misspelled URLs to gain access to sensitive information. Double-check the spelling of every site before issuing personal data, beware of free trials associated with subscription-based credit monitoring and remember if it is indeed a free credit report, credit card information should never be necessary for filling out request forms.
For example, Equifax will allow people who meet certain requirements — including being unemployed with intentions of applying for employment within 60 days, receiving public welfare assistance or someone who believes their credit report has been compromised due to fraud — to request a free report outside of what the company is required by law to provide.
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