Equifax to offer a free lifetime credit lock | Engadget Today


Equifax to offer a free lifetime credit lock | Engadget Today
    The company's mea culpa is designed to win back consumer trust.
    
    https://www.engadget.com/2017/09/28/equifax-free-lifetime-credit-lock-service/
    
    Equifax's new chief knows it'll take a lot of effort to make people trust the credit reporting agency again. He started by penning a letter of apology published by The Wall Street Journal, wherein he admitted that the company wasn't able to live up to people's expectations. Equifax was hacked, he wrote -- its website "did not function as it should have," and its "call center couldn't manage the volume of calls" the company received after the security breach was made public. The interim CEO has also revealed that Equifax will launch a new service on January 31st that will give you the power to lock and unlock your credit anytime. Best thing about the offer? It will be free for life to all its customers in the US.
    
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    6 Comments

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    1. The fraud protection isn't as reliable as many people think. The big sticky point with me is you are relying on the creditor to take the additional steps to confirm identity. If they get lazy and don't follow through in a thorough manner it's worthless. Credit freeze is the way to go.

    2. The only solution is going to be planting a micro chip in the palm of everyone's right hand. Nobody will be able to buy, sell or trade without it. Christians everywhere know what's really going on.

    3. Equifax… Lol. Like anyone trust them with money. Its like giving an alligator your first born child. They sold all their other customers to the higest bidder to give wall-street a free out, now they want new customers….. No. Ill do ok.