Just recently, Equifax, a U.S-based Credit Monitoring Bureau had an unpleasant security breach with its system hacked and vital information compromised. Andrew Housser highlights what is most likely to happen in the event of a security breach. He states that valuable information on credit can be used to defraud one’s funds hence leading to massive losses. Furthermore, tax pin numbers can be used to file falsified tax returns to acquire illegal tax refunds. These actions are malicious and can cause one to incur unnecessary debt.
One is required to take some steps to ensure safety or mitigate effects of a possible unauthorized access to information. First and foremost, one needs to confirm with the company if the account was compromised and inspect any suspicious activity in their credit reports. Any discrepancies should be reported immediately for relevant action to be taken. After that, security measures have to be implemented with regards to password changes, freezing highly vulnerable accounts, requesting for credit monitoring services. Moreover, one can get protection by having credit history hidden to prevent fraudsters from accessing credit using their credit behavior reports. Sometimes people issue information out to fraudsters willingly, without any slight idea that they are getting scammed. Andrew advises that people need to be wary of individuals hiding behind people’s identities to avoid having their financial information stolen.
Freedom Debt Relief is a financial company established in the year 2002, by Bradford Stroh and Andrew Housser. It has main offices in San Mateo, California, the USA. It is a subsidiary of another financial company, Freedom Financial Network. The company boasts of an employee base of 1800 staff and approximately 400,000 clients. The company is known for excellent customer service to clients. They negotiate for a reduction in debt on behalf of their clients. They offer financial assistance to clients to help prevent them from filing for bankruptcy.
For details: www.youtube.com/user/freedomdebtrelieftv