A fraud alert is the simplest, fastest way to add a layer of protection to your credit file. It’s easy to set up, and it requires businesses to take extra care before issuing new credit in your name. Fraud alerts last for a year and are renewable.
Credit experts agree that a fraud alert, at a minimum, is a good idea for any consumer. NerdWallet recommends a credit freeze, also known as a security freeze, for most consumers. It offers the best protection against your personal data being used to establish a credit account in your name. But if you don’t want a freeze or lock, a fraud alert can offer some measure of protection.
