Are there negative consequences for placing a fraud alert?
Fraud alerts are designed to protect potential and actual victims of fraud and/or identity theft, but please note that there may be some inconveniences to placing an alert. According the Federal Trade Commissions website: When a business sees the alert on your credit report, they must verify your identity before issuing you credit. As part of this verification process, the business may try to contact you directly. This may cause some delays if you’re trying to obtain credit. To compensate for possible delays, you may wish to include a cell phone number, where you can be reached easily, in your alert. Remember to keep all contact information in your alert current. [http://www.ftc.gov/bcp/edu/microsites/idtheft/consumers/defend.html#Whatisafraudalert] Back to top.
