Recently I added a fraud alert to my credit report to see what exactly it does.
I went to http://www.experian.com/fraud and added an Initial Security Alert (90 days) to my credit report. Surprisingly, this was very easy to do, and only took me about 10 minutes. In any case, I got a free peek at who’s been viewing my credit, what accounts I have open, etc. I was able to verify that there are no other accounts in my name (thankfully, there were none), and I even submitted a dispute that a card that I am no longer an authorized purchaser on is still listed in my credit. Within 2 weeks that card was removed from my credit report. It is important to note that you will not be shown your FICO score when submitting a fraud alert. You can pay a small amount to have it displayed though.
After submitting the fraud alert, I also received a confirmation in the mail from Experian, TransUnion, and Equifax that they have put fraud alerts on my file which will last 90 days. It seems Experian notified the other big credit bureaus on my behalf. This was a nice bonus.
continue reading…