Equifax Hack - Time to Freeze Your Credit NOW

With the recent hack of Equifax and perhaps 50% of all US resident’s personal information exposed, now is a good time to consider a freeze of your credit.  Since most readers of this blog are accredited, we have the most to lose. Marketers would like you to believe that a $50 credit monitoring service is the best course of action.  Why pay someone to tell you have a huge problem after the fact?  Then you have to spend time and money to try and fix this potential horror. A credit freeze can prevent a problem from ever occurring. 

Over five years ago, I froze my credit with the three largest credit agencies. It helps me sleep at night.  One less thing to worry about.  They issue you a unique pin.  No one can open an account or check your credit unless you thaw your credit by using your pin. It may seem like a hassle.  In realty, it’s not much trouble or time consuming.  You can freeze your credit online in less than 5 minutes per agency.  Its free in many states, but may cost $10 or so in some states. It’s all done online and it’s been painless for me personally.  I don’t take on much debt.  The only time I had to unfreeze it was for getting a new credit card (It gave a $1500 sign up bonus), credit approval for a free iPhone from Sprint and getting approved for a line of credit on my home.  You can often check with your new credit sources and only thaw the service they use to check your credit.

There is actually a fourth credit agency, Innovis.  I froze my credit there this week.  You can also freeze reporting at Chexsytems, which should make it difficult for a hacker to open a checking account in your name.


Here are the links to freeze your credit with each company:











Share with Email
Top 5 by Overall Rating
At Watermark Partners Real Estate, we raise and actively manage funds for the acquisition, improvement and management of
ApexOne Investment Partners is a privately held real estate investment firm and fund manager. Our platform was created t
MLG Capital is a Real Estate Investment Manager that utilizes the skills and expertise of the MLG Family of Companies. S
Atlas was founded in 2009 by managing principals Arvind Chary and Alex Foster. The two founders bring over 25 years of i
Big V Capital and its affiliate Big V Properties is a vertically-integrated real estate investment and property manageme
Website - Real Crowd Fees - NONE Phone - 800-286-1602 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed Real Crowd is a private, secure, and simple-to-use online platform for accredited investors to assess, r
URL - Fund That Flip Fees - 2% to 4% loan points as an origination fee deducted from loan funds at loan closing, plus 1% to 3% interest rate spread taken from loan repayments over the course of the loan. There is no cost for investors to sign up and
Website - CrowdStreet Phone - 888 432-7693 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed CrowdStreet allows accredited investors to purchase real estate investments through their platform, which is essent
Website - EquityMultiple.com Fees - .5% annual asset management fee on equity + 10% carry Phone - 646)-844-9943 SEC REG - USES 506(c) - Open Investments can be advertised and publicly discussed EQUITYMULTIPLE is the only online investi
Website - Holdfolio Fees - Various Phone - 317-440-1515 SEC REG - USES neither 506b or 506c Holdfolio was founded on the principle of creating profitable partnerships. We believe individuals need to earn above average return