So what happens to all of that data? Jim Cramer breaks down how the bad guys can open up a line of credit in your name.
Cramer says you need to let your bank know that you are not looking to open that line of credit because you could end up in a situation where you have to pay lawyers to recoup a fraction of your loss.
He goes on to say that he does not expect change to come from today's hearing, that's because he is not hearing big shareholders say that they cannot trust Equifax.
Watch all of Jim Cramer's latest videos, right here:
- Jim Cramer: Wells Fargo's Culture is Questionable
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