Question 1

Does Placing an Initial Fraud Alert Affect My Credit Score?

Accepted Answer

Placing an initial fraud alert generally does not directly impact your credit score. When you request an initial fraud alert, credit reporting agencies are alerted and immediately take the necessary steps to secure your credit information.

Question 2

Can I Still Apply for Credit With an Initial Fraud Alert In Place?

Accepted Answer

Yes, you can still apply for credit with an initial fraud alert in place. An initial fraud alert does not prevent you from applying for credit, but it prompts the creditors to take extra steps to verify your identity before extending credit.

Question 3

What's The Difference Between a Fraud Alert and a Credit Freeze?

Accepted Answer

The difference between a fraud alert and a credit freeze is that a fraud alert notifies creditors to verify your identity, but you remain eligible to apply for credit. In comparison, a credit freeze restricts access to your credit report and blocks new credit applications until the freeze is lifted.

Question 4

How Often Should I Check My Credit Report After Placing an Alert?

Accepted Answer

You can check your credit report after placing an alert with all the major bureaus every twelve months. You can make additional checks in case of suspicious activity.

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