Fraud Alert
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Thursday, September 17th, 2009 (No comments yet) |
A fraud alert is a request that you have to make to the credit reporting companies (Equifax for example) to put a special flag on your report that warns retailers and credit-grantors to be more cautious when granting credit in your name.
In theory, you’re only supposed to set these when you have reason to believe you’re in imminent danger of id-theft and they expire in only 90 days. Also, because retailers can easily ignore or miss the flag, they have very poor effectiveness in combating id-theft.
