What Happened with Equifax?

Data LeakEquifax, one of the three major consumer credit reporting agencies, said on Thursday that hackers had gained access to company data that potentially compromised sensitive information for 143 million American consumers, including Social Security numbers and driver’s license numbers.

Additionally, it has been proved that some of the management traded their stocks away before the breach was made public. While this is not an Enron-level scandal, it is the largest oversight in the security of people’s information in recent memory.

Were you Affected?

Part of the negative coverage that Equifax has received over this situation is that you can see if you are affected only if you sign a disclosure promising not to sue Equifax once you have this information.

This is highly unethical because most people are trying to ensure their security is intact, while also being denied compensation for information they probably did not give over willingly.

What to do about Equifax

legal action equifaxYou need to contact a credit union or accounts broker to monitor your credit for the next year or so. With this amount of information out in public, it is possible that someone will attempt to steal your identity or try to access aspects of your account.

Additionally, there are currently over a dozen class-action lawsuits being leveraged against Equifax, and we encourage you to join them. This is an egregious mistake, and currently EquiFax is doing very little to compensate for something that will affect over a hundred million lives.


AmeriFactors has been working in the lending industry for several years. We highly recommend seeking out a legal professional who can give you help during these times, it is not a situation to be taken lightly.


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