Identity theft has become increasingly common – but so have preventive measures. Although there are various methods to choose from, one of the most effective ways to go about protecting yourself is to take advantage of a fraud alert. Fraud alerts are messages you can add to your credit report from each major credit bureau (Equifax, Experian and TransUnion) indicating that you believe you may be a potential victim of identity theft. Therefore, when people (such as potential creditors, renters or anyone who needs to pull your credit) view your credit report, they will be notified that further steps are needed to verify your identity. These extra steps significantly mitigate the chances of someone else establishing new lines of credit in your name without your consent.
- Types of Fraud Alerts
- How To Set Up Fraud Alerts
- Pros and Cons: Should You Use Fraud Alerts?
- Alternatives To Fraud Alerts