In 2017, Equifax experienced a massive breach that affected the personal credit information of at least 130 million Americans. The breach was so far-reaching that half of the U.S. population was affected and credit information was stolen without your permission. Needless to say, consumers got angry that Equifax did not have a remedy and many were concerned about the implications of this massive breach. Now, Congress has decided to act! Next week, we anticipate a bi-partisian majority in Congress will pass a bill to allow Americans to freeze their credit report to protect their credit rating and credit standing. This means if someone has stolen your personal credit information and tries to open new credit using your data, they will not be able to gain access to your account for a credit approval. This is a Big Step in protecting the American consumer who is at the mercy of the credit reporting agencies. As consumers, we cannot opt-out of having our personal data such as your social security number, address, employer name, credit accounts that are recorded by the three credit reporting agencies Equifax, Transunion or Experian. Remember to check periodically, to see if your credit record is accurate. Visit: www.freecreditreport.com For more information: https://www.bizjournals/com/atlanta/news/2018/03/08/congress-may-approve-free-credit-freezes-amp.html
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