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Equifax Breach: Jesse Jones Answers Credit Freeze Questions

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Brandon Elkins of Seattle is a victim of the recent Equifax data breach. He’s seen the advice that says he should freeze his credit.

But this couldn’t have come at a worse time.  Elkins is moving to Texas, but he feels his credit security is boxed in.

“This is not an ideal situation,” said Elkins

If he wants housing, cable or utilities -he will need credit.

“It’s not a good feeling knowing all of your information is still out there, and I have no answers as to what to do,” said Elkins.

I’ve been asked this question lots since the breach. Should you freeze your credit?

In a 2015 U.S. Public Interest Research Group report titled- Why you should get security freezes before your information is stolen. The report said it is the only way to stop new accounts from showing up on your credit report.

Brandon would not only have to pack and unpack his stuff, but would have to freeze and thaw, and then freeze his credit.  At a cost of about $90 with the three credit agencies.

One expert told me, that Brandon could go with credit monitoring for a month during his move.

I found a deal with Costco. It’s Complete ID from Experian.  It costs $13.99 per month and he can cancel at any time.

As Brandon moves to Texas, he feels like many Americans.  Like his personal information is on the losing side at the Alamo.

“I feel like I’m a sitting duck,” said Elkins.

Here’s the deal. I’ve seen credit monitoring cost anywhere from $100 to $200 per year.   However, you have to repair the mess if something is found.

Freezing your credit costs $30, $10 per agency, and unfreezing it is $30 more.  Then it’s another 30 to freeze it again.

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