Equifax Data Breach: The Facts and What to Do

If you have a credit report, there’s a good chance that you’re one of the 143 million American consumers whose sensitive personal information was exposed in a data breach at Equifax, one of the nation’s three major credit reporting agencies.

Here are the facts, according to Equifax. The breach lasted from mid-May through July. The hackers accessed people’s names, Social Security numbers, birth dates, addresses and, in some instances, driver’s license numbers.

Whether your information was exposed, U.S. consumers can get a ...

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EquiHACK! Here’s why you should be seriously angry.

Last week, the credit bureau Equifax made a shocking announcement: they’ve been hacked. Not only has the cyber security at one of the nation’s three biggest credit bureaus breached, but the personal data of up to 143 million of its customers was compromised – which is about half of all U.S. consumers.

According to reports of the hack, the information that cyber-criminals obtained from Equifax’s database ...

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Identity theft hits an all-time high: are you protected?

Are you safe from identity theft or other financial fraud from someone assuming your identity? You may think everything is perfectly fine and that no one is using your identity to open up new credit cards, commandeer debit cards, or take over your financial accounts, but if you haven’t checked your credit report lately, you may be in for an unnerving surprise.

In fact, identity theft, ...

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Why that “free” credit score you just got is probably useless

Navigating the credit score landscape is sometimes treacherous for consumers, with so much confusing and seemingly contradicting information about scoring models, multiple credit bureaus, reporting guidelines, and plenty of websites offering “free” credit scores.
In fact, when someone clicks on one of those offers to view their credit score, they will quickly find out that the free offer:

1) Isn’t free, and

2) Also may not be ...

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Cue the band, roll out the red carpet and drop the confetti…America’s average credit score just hit 700!

Cue the band, roll out the red carpet, and drop the confetti, because America just got some great (credit score) news: the average U.S. FICO score has reached 700.

FICO, which is one of several credit scoring models but also the most widely used one by lenders, including mortgage lenders, reported that the average score hit 700 for the first time ever. FICO scores are ...

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What credit score do you need to buy a home?

 

If you’re thinking of buying a home for the first time, or maybe haven’t owned since the real estate collapse starting in 2008, you may be wondering what credit score you need to get a mortgage. 

In fact, before the housing market crashed, it was far easier for the average person to get a loan since credit standards were very low (or nonexistent!) and the subprime ...

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Grrr and ughhh about $$$! Our stress about money and finances is higher than ever

According to new data from the American Psychological Association and other studies, money is the leading cause of stress for Americans.

In fact, 76 percent of Americans report that financial worries stress them out the most, above even work (70 percent), angst about the economy (65 percent), family responsibilities (47 percent) and personal health concerns (46 percent).

1 in ...

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Can you do better than the average person on this credit score quiz?

The average person will get 13 out of these 20 questions correct for a 65% score. Can you do better?

 

True or False:

1. Pulling your own credit report will hurt your score.

True

False

2. When different vendors pull your credit score as you “shop around” for a loan, it will always hurt your credit score.

True

False

3. There is only one version of your credit score.

True

False

4. According to federal law, employers are not allowed to check an applicant’s credit report when hiring.

True

False

5. Everyone is assigned a ...

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