Ask Terry Questions Can the Equifax breach have any effect on deposit accounts i.e. CDs,401s,IRAs brokerage.

Can the Equifax breach have any effect on deposit accounts i.e. CDs,401s,IRAs brokerage.

By Terry Savage on September 18, 2017 | Credit/Debt

Can the Equifax breach reveal any information that could be used to effect deposit accounts such as Bank CDs, 401s, IRAs, or Brokerage accounts? I don't know if any of these have a credit aspect. I have no credit open with them.

Terry Says

No, the purpose of the freeze is to keep anyone from opening NEW credit accounts in your name.  These brokerage accounts and bank accounts have no credit aspect.  But do keep a sharp eye on your balances in ALL financial accounts, at all times.  You can never be too careful, in general.

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