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Equifax Massive Data Breach: FICO World Master Champion and U.S. Credit Czar David Howe Responds
[September 08, 2017]

Equifax Massive Data Breach: FICO World Master Champion and U.S. Credit Czar David Howe Responds


"In addition to monitoring one's credit report regularly, there are two important and proactive options that victims should evaluate and consider immediately," said David Howe, president of SubscriberWise and a national authority on child identity theft. "The first and less dramatic step is a 'fraud alert'. A fraud alert allows creditors to obtain a credit report but they must take steps to verify the consumer's identity as indicated by instructions in the alert.

"The second and much more aggressive step is a 'credit freeze'," continued Howe. "And this is the approach recommended for any of the 143 million potential Equifax affected victims."

"A credit freeze (also known as a security freeze) locks down the credit report. Essentially it prevents creditors from obtaining a credit report entirely. It also requires the victims themselves to take additional steps when applying for credit," explained Howe. "For example, consumers who have placed a freeze on their credit report will have to either obtain a 'credit lift' for a prospective creditor or provide the creditor with a pin or code to access the file when applying for a loan or other application that involves accessing a consumer credit report."

Watch and listen to the Credit Czar explain fraud alerts and credit freeze:

See if your personal information is potentially impacted:

Place a freeze:

Related: FICO Prodigy, Credit Professional, and Identity Theft Expert says Annual Credit Reports Insufficient Following News from Retailers of Data

About SubscriberWise

SubscriberWise® launched as the first issuing consumer reporting agency exclusively for the cable industry in 2006. The company filed extensive documentation and end-user agreements to access TransUnion's consumer database. In 2009, SubscriberWise and TransUnion announced a joint marketing agreement for the benefit of America's cable operators ( Today SubscriberWise is a risk management preferred-solutions provider for the National Cable Television Cooperative.

SubscriberWise contributions to the communications industry are quantified in the billions of dollars annually.

SubscriberWise is a U.S.A. federally registered trademark of the SubscriberWise Limited Liability Co.

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