Whether you’ve been a victim of identity theft or not, it’s tough to know what to do first. One common option when it comes to identity theft is initiating a fraud alert.
A fraud alert is a notice that is placed on your credit report that alerts credit card companies and others who may extend you credit that you may have been a victim of fraud, including identity theft. Think of it as a “red flag” to potential lenders and creditors.
They are free to initiate, and can be done through any of the 3 major credit reporting agencies (TransUnion, Equifax, Experian). Quick Facts:
A fraud alert encourages lenders and creditors to take extra steps to verify your identity before issuing credit
You only need to contact one of the three nationwide credit bureaus to place a fraud alert - that bureau will transmit your request to the other two
If you have a police report or a Federal Trade Commission Identity Theft Report, a 7-year extended fraud alert is available
You can update or remove a fraud alert via phone or mail.
A “personal representative” can be designated to manage a fraud alert on your behalf with a Power of Attorney or court appointed document.
Want to request a Fraud Alert immediately online?