Equifax says that it will waive credit freeze fees for 30 days

TechCrunch | 9/12/2017 | Taylor Hatmaker
erinmmarion (Posted by) Level 3
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In response to public outrage over its ongoing bungled response, Equifax stated on Twitter that it will waive credit freeze fees for 30 days. With so much personal data running around out there in the wild, credit freezes are one of the only things that those affected by the Equifax breach can do to protect themselves. Equifax’s existing offer of free credit monitoring for one year is just salt in the wound considering that social security numbers are good for life.

Yesterday, Hawaii Senator Brian Schatz dismissed the company’s efforts to date as “inadequate for several reasons,” calling on Equifax to cover tri-bureau credit freezes and to make the offer of free credit monitoring unlimited.

Problem - Bureau - Credit - Freeze - Credit

The problem with a free single bureau credit freeze is that you really need to do it with all three major credit bureaus. Otherwise, a would-be identity thief can open credit accounts in your name with lenders that only use TransUnion or Experian. Equifax is well aware of that, but appears to be more interested in making money from its existing credit services after their...
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