CreditThis can’t be happening.  Now there is now another way for my clients to lose their money and their identities and it isn’t even because of some fraudster.  No, this time, the “perp” is a legitimate business failing miserably to protect its “people”.  I’m speaking, of course, about the Equifax breach.

For 35 years, I’ve seen a lot of scams out there; people trying to sucker us out of some hard earned cash.  This, however, takes the cake.

So what do we do?  Do we give up our credit cards and go back to the barter system?  Should we start taking chickens to the store to pay for our groceries?  Or should we just start carrying sacks of gold and silver with us when we’re running errands about town?  Perhaps we should start trading animal pelts again.

When my clients starting to call me two weeks ago for advice, I offered these alternatives.  They didn’t seem to think these options were feasible.  Most of them had no chickens to trade.

So what is practical?  Call the credit bureaus and freeze your credit.  No one will have access to your information without your permission.  It is going to be a hassle in the future, sure, but unless you have some spare animal pelts lying around, there isn’t an easier way to handle the situation.

Isn’t technology great?  It’s like the proverbial fox guarding the hen house.

Take my advice for what it is…It’s just, AS I SEE IT.