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Posted: September 12, 2017

Equifax is waiving credit freeze fees for 30 days

Equifax’s Atlanta headquarters.(AP Photo/Mike Stewart, File)
The Atlanta Journal-Constitution
Equifax’s Atlanta headquarters.(AP Photo/Mike Stewart, File)

By Mike Timmermann

Clark.com

Following the Equifax data breach that has potentially exposed the personal information of 143 million Americans, money expert Clark Howard is urging everyone to freeze their credit.

Many people have said Equifax should pay for security freezes because the credit reporting agency created this giant mess.

Equifax temporarily drops credit freeze fees

Read more: Equifax hack: 5 things to expect when you freeze your credit

Now, several tweets from Equifax’s account on Monday confirm that the company will waive the fees for placing and removing security freezes, at least for now:

What happens after 30 days? We’ll have to wait and see. Clark said on the radio show that he would like to see Equifax pay for these fees over the long haul.

“I hope as the lawsuits come up with Equifax that one of the things they’re forced to do is reimburse all of us for the cost of credit freezes and thaws that we have to do for the rest of our lives,” Clark said.

Equifax’s data breach website doesn’t have any additional details on the fee waiver, as of Tuesday afternoon.

It’s important to point out that placing a credit freeze with Equifax isn’t enough. You will still likely need to pay a few bucks to complete the process with Experian and TransUnion.

I was able to freeze my credit with all three bureaus in 17 minutes using Clark’s step-by-step guide.

Read more: Credit Freeze Guide: The best way to protect yourself against identity theft


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