Equifax Calls for Free Credit Locks. Experian’s Reply? Nope.
- 7 years ago
Equifax Calls for Free Credit Locks. Experian’s Reply? Nope.
Locks and freezes only work, however, if you block access to your files at all three bureaus, which you have to do separately; if you only close off access to your Equifax
file, someone might use information from the Equifax breach or some other data theft to open a credit card in your name at a bank that only checks an Experian report.
“We are looking at broader solutions that can help consumers effectively and securely operate in the credit economy,
but it shouldn’t be done based on crisis-mode responses from Equifax,” Michael Troncale, an Experian spokesman, said in an emailed statement.
“We will continue to review this issue in light of the other alternatives available and engage with consumers and other stakeholders to ensure consumer-centric solutions are available
that enable consumers to be safe in the credit economy,” it said in its statement.
“The arbitration agreement helps us to provide TrueIdentity to consumers at no charge,” said David Blumberg, a company spokesman, in a statement.
“I would encourage TransUnion and Experian to do the same,” he said, referring to Equifax’s primary competitors.
Locks and freezes only work, however, if you block access to your files at all three bureaus, which you have to do separately; if you only close off access to your Equifax
file, someone might use information from the Equifax breach or some other data theft to open a credit card in your name at a bank that only checks an Experian report.
“We are looking at broader solutions that can help consumers effectively and securely operate in the credit economy,
but it shouldn’t be done based on crisis-mode responses from Equifax,” Michael Troncale, an Experian spokesman, said in an emailed statement.
“We will continue to review this issue in light of the other alternatives available and engage with consumers and other stakeholders to ensure consumer-centric solutions are available
that enable consumers to be safe in the credit economy,” it said in its statement.
“The arbitration agreement helps us to provide TrueIdentity to consumers at no charge,” said David Blumberg, a company spokesman, in a statement.
“I would encourage TransUnion and Experian to do the same,” he said, referring to Equifax’s primary competitors.