Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report? everfi

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asked Jun 15, 2024 82.2k views

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Benrg · Answer 1 · 2024-06-20T10:42:15+0000

Answer:

It notifies creditors and other financial institutions that the individual's identity may have been compromised. This prompts them to take extra precautions to verify the individual's identity before granting credit or opening new accounts.

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Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report? everfi

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