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I have been working hard on my credit for over 5 years trying to achieve the best reports
and scores possible.
I now have very solid credit files and scores.
I recently noticed a collection for a $197 medical bill on my Experian report in which I
immediately disputed.
Experian removed this from my credit report in only 2 days WOW .... Thats awesome !
Well...a fraud alert has now been sent to all of the CRA's
I had BIG plans for Monday, was going to finally reap my rewards and get myself my first Amex and Chase cards.
Now what ?
First of all I get NO Pre approvals from anyone anymore.
Secondly, I have heard that I may be outright rejected if I apply for any cards because of the alerts.
What are my options, and will I still be able to apply for the cards without a rejection due to the Fraud alert ?
I have been also told that If approved, I may even receive a higher interest rate and lower SL duer to this.
Any help will be greatly appreciated
Did you dispute the account online or via phone? That's your error and it's one that people keep making because they think online/phone disputes are safe and faster than the paper route.
I only dispute accounts using USPS CMRRR and I've had them disappear within days of sending out the letter. I've also seen probably hundreds of people get fraud alerts by using the phone or online dispute system because these are almost all "multiple choice" disputes where you have no real say in how you are specifically disputing a tradeline.
Now you get to play the fraud alert removal game -- do it in writing, by postal mail, and request a copy of your credit reports (paper version) in your letters.
Stop disputing online or via the phone. It's a dangerous game with negative outcomes if the person answering the phone doesn't understand you, or if the online dispute doesn't cover the actual reason for the dispute and you just pick something that sounds good.
"Not mine" is the most dangerous dispute online/via phone.
Your online prequalifications are now gone for sure -- fraud alerts automatically opt you out. Go to the optout website and opt back in, then wait a few months for it to propogate back to the creditors databases.
Thanks for all of that great information, but I am still not clear on the answer to
my main question stated below ....
What are my options, and will I still be able to apply for the cards without a rejection due to the Fraud alert ?
Thanks again
@AverageJoesCredit wrote:
Just because you have a fraud alert doesnt mean youll be rejected. Fraud alerts are there to protect you so the ccc may need additional info to verify you so i wouldnt let it stop me from applying. Just maybe not Blispay, they have enough trouble verifying you on a good day
+1 Ain't that the truth!
@AverageJoesCredit wrote:
Just because you have a fraud alert doesnt mean youll be rejected. Fraud alerts are there to protect you so the ccc may need additional info to verify you so i wouldnt let it stop me from applying. Just maybe not Blispay, they have enough trouble verifying you on a good day
Good news AJ !
I called Experian and Transunion,
They both verified my identity and PRESTO.... They both removed the Fraud alerts and
told me that it was an immediate removal.
I did alot of research and found special numbers to call to avoid the snail mail removal method.
I will be apping on Monday !
I will post the results as soon as I know something
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TCL: $571.05k CCs:23 AAoA: 6yr 1mo Util: ~1% Derog: 0 |
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