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Learn How to Put a Flag on Your Credit File

Placing a fraud alert on your credit file with the main credit bureaus is a great way to protect yourself from identity theft. It makes it so anyone trying to open new credit in your name must call you at the number you provide to approve it. It's not perfect, but it's a great step in the right direction to protecting yourself.  Combine this with checking your credit report annually, shredding identifying documents, and common sense and you're on the right path. More here.

Additionally, outfits like this one will do all that for you and even guarantee your protection.



Cars...we signed up for lifelock. Thanks for the tip. Guess we need something to worry about the rest of our life...but your articles helped. bb


Fraud alerts placed on credit reports can be helpful if you've experienced true identity theft or someone has forged checks in your name, etc. But beware. A fraud alert makes it much harder to get new credit as potential lenders view you as a risk. If you do not absolutely need to put a fraud alert on your credit reports, don't do it. It might appear to be a nice "service" but remember, the three credit reporting bureaus are not in business to serve you. Once something appears on a report it can be a nightmare to ever have it removed.


Thanks Suzanne - that's good to know.

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