On September 8, 2017 Equifax announced that hackers had gained access to their consumer databases beginning in May of 2017 and continuing through late July of 2017. It is estimated that up to 148 Million Americans may be affected by this data breach. Equifax has created a website where you can check to see if your personal data (SSN, date of birth, name, address, credit cards) was part of the breach- equifaxsecurity2017.com. By using this website you MAY (*see terms below) be waiving your right to sue or be part of a class-action lawsuit if one is brought against Equifax.
Equifax will be sending letters to all consumers who were affected in the breach.
Steps you can take to protect yourself
- Check your credit reports free yearly- www.annualcreditreport.com/
- Monitor all of your credit lines for suspicious activity.
- Place a credit freeze with all three credit bureaus. (Freezes will have to be lifted when applying for new lines of credit, like a loan or new credit card).
- Notify your financial institutions/creditors immediately if you notice suspicious activity on your account(s).
- Be alert! Be wary of address changes, phishing phone calls, or other unsolicited offers that appear “too good to be true.”
ARBITRATION. PLEASE READ THIS ENTIRE SECTION CAREFULLY BECAUSE IT AFFECTS YOUR LEGAL RIGHTS BY REQUIRING ARBITRATION OF DISPUTES (EXCEPT AS SET FORTH BELOW) AND A WAIVER OF THE ABILITY TO BRING OR PARTICIPATE IN A CLASS ACTION, CLASS ARBITRATION, OR OTHER REPRESENTATIVE ACTION. ARBITRATION PROVIDES A QUICK AND COST EFFECTIVE MECHANISM FOR RESOLVING DISPUTES, BUT YOU SHOULD BE AWARE THAT IT ALSO LIMITS YOUR RIGHTS TO DISCOVERY AND APPEAL. For full terms, click here.