Your 9/10 response to the Equifax data breach did not address freezing your credit reports. Do you recommend this? I have no outstanding debt except one USAA and one other credit card that I pay off each month.
Thank you for the follow-up question. To address your concerns about placing a credit freeze, let's first review the different options. There are potentially three options available to help you protect your credit:
If you decide to place a credit freeze or lock your credit reports, keep in mind that the lock or freeze will need to be lifted, at least temporarily, before applying for new credit. Equifax states that it can take 24 - 48 hours to unlock a report. At a minimum, I would consider any free services, which could include Equifax's three-bureau credit monitoring, placing a 90-day fraud alert, and placing a credit lock with Equifax and TransUnion.