T Mobile and Experian recently experienced a data breach. The data breach affected at least 15 million consumers. Hackers stole consumers’ personal identifying information, including Social Security numbers and driver’s license information. The stolen information may be used to access or open new accounts by identity thieves.
Experian and T Mobile are offering free credit monitoring for two years to those affected by the data breach. But, will credit monitoring really help identity theft victims? Credit monitoring notifies consumers when new inquiries are made at the various credit bureaus, such as Equifax, Experian or Trans Union.
Consumer advocate organizations, including the National Consumer Law Center, wrote to T Mobile and Experian and urged the two billion dollar companies to pay for credit freezes for the consumers affected by the T Mobile Experian data breach. A credit freeze prevents a credit report from being provided to a user (such as a potential creditor). If a potential creditor cannot get a credit report, then it does not get a credit score. When a potential creditor does not receive a credit score, it cannot evaluate the consumer’s creditworthiness. Because of a credit freeze, an account will not be opened.
Click HERE for the letter sent to T Mobile and Experian in response to the data breach.
Did you have service with T Mobile in 2013, 2014 or 2015? If so, then you may be an identity theft victim and affected by the T Mobile and Experian data breach. Contact us for a free consultation 24/7 at 1-800-263-9091.