Equifax Data Breach: Does a credit freeze impact my credit score?

Saving money on equifax data breach does 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

• U.S. consumers this week are concerned about how their lives are going to be affected after the Equifax data breach.
• Money expert Clark Howard said the No.
• 1 method to protect yourself from identity fraud is by freezing your credit.
• Worth noting: one of the main aspects consumers wish to know is how a credit freeze might affect their credit score.

Where the Real Savings Hide

The Atlanta-based company recently announced that as numerous as 143 million U.S. consumers were exposed to the data leak when hackers accessed consumers’ protected files by exploiting a website application earlier this year. Can your credit score be hurt by a credit freeze?

A credit freeze has no bearing on your credit score, according to the FTC. Furthermore, consumers are still entitled to a free annual credit report, despite a freeze.

A Closer Look at Equifax Data Breach Does

More importantly, you can still apply for a car loan, mortgage, etc., but this is what’s going to happen: When a lender or other company requests your credit report, a credit bureau won’t pull it. To do business with those companies though, you’re going to have to thaw , unfreeze , your credit report.

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Frequently Asked Questions

How can I save money on equifax data breach does?

Compare prices across a few retailers, look for active coupon codes, and time bigger buys around sales events. Can your credit score be hurt by a credit freeze?.

Is it worth shopping around for equifax data breach does?

Usually yes. A credit freeze has no bearing on your credit score, according to the FTC.

Smart Ways to Save More on Equifax Data Breach Does

• Compare the final price including shipping, not just the headline number.
• Check for student, military, or first order offers you may qualify for.
• 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.

Final Thoughts

Before you check out, line up equifax data breach does 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.