Q: What is the difference between a credit freeze and a fraud alert?
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.
- I want a credit card that has a low authorized lending amount so if it's stolen or compromised my liability is limited.
- I was Christmas shopping and went to the counter to check out and my credit card wouldn't work. Discover turned it off! I had made too many transactions. Should I be angry? I lost all my Christmas gifts.
- My ex-wife opened credit card accounts with my social security number and my forged signature. How can I get these accounts off my credit report?
- My credit scores are above 750, but I applied to American Express, and they rejected me due to a bankruptcy. I’ve had an American Express card before. What card would you suggest?
- I've have never had a credit card, so should I check my credit score?
- Six years ago, someone opened a gas card under my mother's name. Is there any way to fix the damage to her credit report?
- Which bank offers the best debit card?
- Are Discover Card credit cards any good?
- 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.
- Is a credit score of 725 considered good?
- Supposing you have a perfect credit score of 800 or better; which credit card offers the highest credit limits?