What Is Fraud Alert?
You have the right to ask that nationwide consumer reporting agencies place “fraud alerts” in your file to let potential creditors and others know you may be a victim of identity theft. A fraud alert can make it difficult for someone to get credit in your name because it tells creditors to follow certain procedures to protect you. It also may delay your ability to obtain credit. On your behalf, we will place a fraud alert in your file with all three nationwide credit reporting companies. After immediately enrolling in SecurID, we request alerts to be set on all of your credit reports at TransUnion, Equifax, and Experian. Within a week or two after enrollment, you will receive credit reports from these credit companies showing your alerts are in place. The initial fraud alert that we will request on your behalf will stay in your file for at least 90 days. You can place an extended alert that stays in your file for seven years. To place this alert, you will have to provide an identity th
A Fraud Alert can be attached to your credit report by one or more of the major credit bureaus. It is used as a flag, signaling that confirmation should be sought prior to credit being approved. If you are initiating a fraud alert, you must be concerned that your credit history may be compromised by illegal activity. Perhaps you suspect that it already has. The fraud departments of the three credit bureaus are available if you want to set up a fraud alert. If you notify one, they should communicate with each other, but this isn’t always the case so it’s best to notify all of them yourself. Read more ….
