Equifax Data Breach: Credit agency loses $7.2 million contract with IRS

Saving money on equifax data breach credit does not need to be complicated. Here is a clear, no nonsense rundown of what works and how to make the most of it.

Key Takeaways

• Problems continue to mount for credit-reporting agency Equifax, who this week lost its bid to keep a major contract with the IRS.
• The Government Accountability Office ruled Monday that the IRS was justified in canceling the contract.
• Worth noting: equifax challenges the agency’s evaluation of the awardee’s quotation.
• The contract is now in the hands of rival credit agency Experian, which Equifax argued did not have the capacity to perform the job.

Where the Real Savings Hide

The cancellation of the multi-million dollar contract , to protect people from identity fraud, ironically , was protested by the Atlanta-based company, which is still smarting from September’s gigantic data breach. In a summary of the decision on the GAO’s website, the body said: Equifax Information Services, LLC (Equifax), of Lanham, Maryland, the incumbent contractor, protests the establishment of a blanket purchase agreement (BPA) with Experian Information Solutions (Experian), of Costa Mesa, California issued by the Department of the Treasury, Internal Revenue Service (IRS), for taxpayer identity and verification services.

We deny the protest. The latest defeat for Equifax came the same day comedian and “Last Week Tonight” host John Oliver eviscerated the embattled credit agency, saying that it’s still ridiculously straightforward to create a fake site to draw millions of consumers after the agency online.

A Closer Look at Equifax Data Breach Credit

More importantly, the company is investigating the attack to learn more October 16, 2017: Equifax loses appeals hearing on cancellation of $7.2 million contract with IRS. Money expert Clark Howard says in the wake of the massive data breach, the one true protection U.S. consumers have is to freeze their credit. “It’s imperative that you freeze your credit with all three main credit reporting agencies: Equifax, Experian and TransUnion,” he writes.  See our Credit Freeze Guide for step-by-step instructions.

Equifax breach: 5 aspects to expect when freezing your credit If you have specific questions about the Equifax breach and how it may impact you, contact Clark’s Consumer Action Center , a FREE assist line open Monday-Friday from 10 a.m. ‘ 7 p.m. EST with volunteers available to answer YOUR concerns!

What to Know About Equifax Data Breach Credit

Remember that call Team Clark @ 404-892-8227. Equifax data breach: 2 steps to protect your money and identity! [anvplayer video=”4170900″ station=”998267″].

Frequently Asked Questions

How can I save money on equifax data breach credit?

Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. In a summary of the decision on the GAO’s website, the body said: Equifax Information Services, LLC (Equifax), of Lanham, Maryland, the incumbent contractor, protests the establishment of a blanket purchase agreement (BP....

Is it worth shopping around for equifax data breach credit?

Usually yes. We deny the protest.

Smart Ways to Save More on Equifax Data Breach Credit

• Time non urgent purchases around major sale events for the deepest cuts.
• Leave items in your cart for a day; some stores send a follow up discount.
• Pair cashback with a coupon so you save twice on the same order.
• Stack a coupon code with an existing sale whenever the store allows it.
• Sign up for the retailer newsletter to catch first time and seasonal discounts.

Final Thoughts

Before you check out, line up equifax data breach credit against current promotions and any codes you can stack. Small habits like these add up to real savings over a year.

Originally published at clark.com.