What is a fraud alert?

A fraud alert serves as a protective measure on a consumer's credit report, signaling to potential creditors that there may be a risk of identity theft. When a fraud alert is in place, it requires creditors to take extra steps to verify a consumer's identity before extending credit. This helps to prevent identity thieves from opening accounts in someone else's name without permission.

Fraud alerts can vary in duration—typically lasting for 90 days for an initial alert, which can be extended if necessary—thereby providing ongoing protection for consumers who suspect they may be victims of identity theft. This process gives individuals an added layer of security and control over their personal financial information.