Will I waive my legal rights by enrolling in TrustedID Premier from Equifax?

TxJeep
Contributor

Hi Mikel, Thanks for the good advice regarding the Equifax data breach. Perhaps there is one footnote. When I began the process of signing up for the free one year credit monitoring from Equifax I noticed that in order to get the service you must give up your right to sue or to participate in any class action suit. Not necessarily a show-stopper, but you might want to consider it before you enroll.

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Answers (1)

Answers (1)

Hi TxJeep,

 

Thank you for the comment and the feedback. There has been a great deal of concern expressed over the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use on the data breach website.

 

Unfortunately, we cannot answer questions about the terms and conditions of a product offered by Equifax.

 

Having said that, Equifax stated on September 8, 2017 that they have updated the terms of use on the data breach website at www.equifaxsecurity2017.com and "made it clear that the arbitration clause and class action waiver included in the Equifax and TrustedID Premier terms of use," on its primary website www.equifax.com, "do not apply to this cybersecurity incident."

 

USAA offers a free option and paid options for credit monitoring through Experian, that members can also utilize.

 

We appreciate your membership and thank you for raising this question.

 

Regards,

Mikel