A fraud alert is something that the major credit bureaus attach to your credit report. When someone tries to open a credit account the lender should contact you to verify that you really want to open a new account. If you aren't reachable by phone, the credit account shouldn't be opened.
If you suspect you're a victim of identity theft, consider initiating a fraud alert, a credit freeze or both. A credit freeze is the stronger option of the two. It tightens access to your credit data by allowing you to freeze all access to your credit file.
- Are Discover Card credit cards any good?
- Is a credit score of 725 considered good?
- Which bank offers the best debit card?
- Why do you rate American Express credit requirements as "good credit" to secure a card? I thought to qualify for an American Express card you have to have excellent credit.
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?