Quick answer
A fraud alert warns creditors that you may be a victim of identity theft and that they should verify your identity before opening new credit. It is free and different from a credit freeze.
Why it matters
The practical meaning.
Fraud alerts are useful when you suspect identity theft but still need creditors to access your report. They can be easier to manage than freezes, but they may offer less blocking power.
Key points
1.
An initial fraud alert is for people who suspect identity theft.
2.
An extended fraud alert generally requires an identity theft report.
3.
An active duty alert is designed for deployed military service members.
Deadlines and timing
- Initial fraud alerts last one year.
- Extended fraud alerts last seven years.
