A few things to know.

In what is being dubbed as potentially the “worst leak of personal information EVER”, the Equifax data breach that has affected an estimated 143 million people, is MAJOR news . A few things to know:

1: Be careful to NOT go to the Equifax site and scheck to see if your data was compromised and/or sign up for their offer of free monitoring from “TrustedID”. Signing up for htis free monitoring, requires you to agree to Equifax terms of serivce, which includes binding arbitration, and would therefore restrict you from access to the courts for remedy. A Sneaky move by Equifax.

2. Place a 90 day “Fraud Alert” on your file at Equifax. http://ift.tt/10FGxth
They will, in turn notify Experian and TransUnion on your behalf, so you dont need to contact them separately.

3. Contact Legal Counsel if you know that you were impacted by this data breach and it has resulted in damages. Equifax knew about this data breach long enough for several of their top Executives to sell company stock of almost $2 million, PRIOR to alerting the public about the breach.

MORE TO COME

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Fargo Police warn about debt collection agency posing as lawyers

In a post on Nextdoor, Police discuss a Federal Trade Commission case where a debt collection agency from Charlotte, NC pretended to be lawyers, using “a variety of names to make people think they were dealing with a law firm.”

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Richard Cordray defends CFPB arbitration rule amid speculation he plans to run for Ohio governor

The “arbitration rule” takes aim at the fine print in many of the agreements that consumers sign when they apply for credit cards or bank accounts. These agreements typically require customers to settle any disputes through arbitration in which a third party rules on the matter. A new CFPB rule would weaken a company’s ability to make arbitration mandatory, allowing more people to file or join a lawsuit to press their claim.

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I’ll be participating in a Q&A “Expert Panel”

I’ll be participating in a Q&A “Expert Panel”, immediately preceding this event.

Take action and register today at http://ift.tt/2wEuaku
1. Click the red button: “Click here to find an event in your area!”
2. Click “Search by event type”
3. Click “Success Tour power meeting”
4. Search for your event by location and home mortgage consultant
5. Click “Register Online” and complete the registration form

 

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Credit Agencies To Ease Up On Medical Debt Reporting

“Changes coming to the way medical collection accounts will be reported on Consumer Credit Reports. Here is a decent article that sums it up”

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Hard credit check versus soft credit check: What’s the difference?

The reality is we are talking about something so insignificant, that this article didnt warrant the time it took to write it. But to clarify, there is not such thing as a “Hard Inquiry, or a “Soft inquiry” for that matter.

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As Paperwork Goes Missing, Private Student Loan Debts May Be Wiped Away

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