Fraud Alert
An FCRA-mandated flag on a consumer's credit file requiring identity verification before new credit is extended.
A fraud alert is an FCRA §605A flag on a consumer's credit file. Two types: initial (90 days, no documentation required) and extended (7 years, requires FTC affidavit). When a fraud alert is in place, lenders are required to take "reasonable steps" to verify the consumer's identity before extending new credit.
You only file with one bureau; they're required to notify the other two. Free. Doesn't lower credit scores.
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FCRA §605B requires bureaus to block fraudulent identity-theft accounts within 4 business days of receiving the consumer's affidavit.
A free FCRA-backed restriction that prevents new accounts from being opened in your name without a temporary lift.
The federally-recognized affidavit consumers file at IdentityTheft.gov to invoke FCRA §605B fraud-block protections.
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