Fraud Alert A New Tool To Protect Your Credit
Below is a MRR and PLR article in category Finance -> subcategory Credit.
Fraud Alert: A Powerful New Tool to Protect Your Credit
Summary
Worried about your financial information landing in the wrong hands? There's good news! You can now use a "Fraud Alert" to safeguard your credit file.What Is a Fraud Alert?
Fraud Alerts act as a safety measure, helping to prevent unauthorized opening of new accounts in your name. These alerts flag your credit report, alerting potential lenders to verify your identity before extending credit. Simply contact one of the three credit reporting agencies to add a fraud alert to your file. Once activated, it also stops pre-approved credit and insurance offers for two years.
Types of Fraud Alerts
Initial Alert
- Duration: 90 days- Purpose: Use this alert if your personal information, like your Social Security number or birth date, has been compromised. It requires creditors to verify your identity before granting credit. Provide a contact number for quick verification to ensure you're the one managing new accounts.
Extended Alert
- Duration: 7 years- Purpose: For confirmed identity theft cases. It requires submitting proof, such as a police report. This alert also removes your name from marketing lists for prescreened credit offers for five years.
Military Fraud Alert
- Purpose: Available for active-duty military personnel to prevent unauthorized account openings while they’re overseas.Helpful Hints
- Data Sharing: The three credit-reporting agencies?"Experian, Equifax, and TransUnion?"share data. Alerting one will notify the others.
- Applying for Loans: If you need a loan while your credit is on alert, inform your lender to avoid any issues.
- Removing Alerts: To remove a fraud alert, submit a written request to one of the credit-reporting agencies.
By proactively using a Fraud Alert, you gain a powerful tool to keep your credit secure from unauthorized activities.
You can find the original non-AI version of this article here: Fraud Alert A New Tool To Protect Your Credit.
You can browse and read all the articles for free. If you want to use them and get PLR and MRR rights, you need to buy the pack. Learn more about this pack of over 100 000 MRR and PLR articles.