Protect Your Identity

Posted on October 04, 2017 at 6:21 PM



Equifax got a hacked... Now you need to take some precautionary steps to safeguard your identity and credit.

Equifax, one of the nation’s three major credit reporting agencies, announced a security breach in which hackers accessed names, social security numbers, address and possibly birth dates of over 143 million Americans. At Homeowners Financial Group, we understand the importance of security and its impact on your financial future. We applaud any consumer’s effort to keep their identity safe.

 

The Federal Trade Commission (FTC) has issued guidance on handling the breach, including advising consumers to place their credit on a temporary ‘freeze.’ This makes it harder for someone to open a fraudulent account on your behalf, but also has implications on legitimate credit activity. If you are thinking about purchasing a home or refinancing, the freeze will not allow Homeowners Financial Group to access your full credit profile, making it more difficult in getting a credit decision. If you do place this temporary hold, make sure to tell your Licensed Mortgage Professional so that we can navigate the security issue while still allowing your financing to move forward.

 


Keep in mind your credit profile may be accessed even after the initial application, so while we work through the facts of the breach, please be sure Homeowners Financial Group is aware of any steps you take in securing your personal information.

 


For more information from the FTC, please see: https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do. 

  Author by Giancarlo Anduray


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