CreditCardAssociate Credit Card Resource Logo

Placing a Fraud Alert on your Credit Report

You should only place a fraud alert on your credit report if you know someone is trying to open bank accounts or credit cards in your name. What a fraud alert does is force lenders to verify it is really you who is applying for a loan. They do this by calling your home or work home and verifying your information. A fraud alert prevents any credit account being opened without you proving you are opening it. Credit accounts include; credit cards, car loans, cell phone contracts, mortgages, charge cards, and more.

When you place a fraud alert make sure you contact all three credit bureaus to confirm each one puts an alert on your credit report. All that you need to tell them is you wish to place a fraud alert on your report. The alert will last for 90 days, after the 90 days you will need to contact the bureaus again if you wish to place another fraud alert on your account. There is no penalty for placing a fraud alert on your credit report. You can put one on there as many times as you like. If you don’t want to keep reapplying one every 90 days you can apply for a 7 year victim statement that will last 7 years. In order to get approved, you must show you were a sufferer of fraud in the past.

Contact Information for the Credit Bureaus:
Consumer Fraud Division
Phone: 800-525-6285 or: 404-885-8000
Fax: 770-375-2821

Experian's National Consumer Assistance
Phone: 888-397-3742

Fraud Victim Assistance Department
Phone: 800-680-7289
Fax: 714-447-6034