You’ve worked hard to establish a solid credit history that entitles you to preferred financing terms. And in light of the recent Equifax security breach, that hard work could be in jeopardy. It’s now more important than ever to take the necessary steps to protect your credit. Here’s a great article published by the Federal Trade Commission that addresses the breach and some great tips to reducing your risk:
If you have a smartphone, Credit Karma is a great free app that provides access to both Equifax and TransUnion credit reports, and alerts you on any new activity.
As for protecting your identity, Richwood Bank offers free Identity Theft Protection to our primary checking account holders. You can easily enroll in identity theft monitoring and recovery services – all at no cost, and we’ll monitor for suspicious activity and notify you if a data breach that includes your personal or financial information were to occur.
A good credit history is an extremely valuable asset, and one that many of us take for granted. It’s only when it becomes tarnished that we learn how valuable our financial freedom is.
Take the next step to protect yourself.
By Mike Karcher
Chief Lending Officer