Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 55
Registered: ‎12-09-2007
0

Does Fraud Alert really works

Hello,

 

I just placed a 90 day fraud alert after my wife threaten to open an account in my name. She knows all my personal information. Long story!!

 

Any examples of the fraund alert actually working? I know the credtiors are not required to call if new account is opened. 

 

I am thinking of freezing credit lines for a few years.

 

Thanks for the comments

Frequent Contributor
Posts: 293
Registered: ‎06-05-2011
0

Re: Does Fraud Alert really works

They can help but it's basically just like a guy standing on the sidelines yelling warning information rather than blocking it. If you freeze your reports that is like the guy actually jumping out and blocking it so to speak. I have reports frozen, it keeps me honest. If you are worried that your wife might open an account in your name I would suggest paying the nominal fee to freeze your reports. When the storm is weathered you can unfreeze them if you so wish or temp unfreeze them each time you want to open new credit.

Scores: EQ - 763 (Amex FICO 8/1/2015) TU - 761 (Discover FICO - 7/31/2015), EQ - 770 (Citi FICO - 7/28/2015)
Current Cards: Amex BCE - 10k, NFCU cashRewards Sig - 8k, Discover It - 7k, Citi Dividend WE- 6.5k, Chase Freedom - 4k
Last App: 6/10/2014. In the garden for a few years.
Member
Posts: 72
Registered: ‎04-06-2013
0

Re: Does Fraud Alert really works

+1

New Contributor
Posts: 55
Registered: ‎12-09-2007
0

Re: Does Fraud Alert really works

Ok, I just freeze all three online. 

 

If she trys to open a new account this week, will it get frozen?

 

Also, to see if she open account this week, will i have to run myfico report in May 2013?

Frequent Contributor
Posts: 293
Registered: ‎06-05-2011
0

Re: Does Fraud Alert really works

[ Edited ]

darrell wrote:

Ok, I just freeze all three online. 

 

If she trys to open a new account this week, will it get frozen?

 

Also, to see if she open account this week, will i have to run myfico report in May 2013?


Yes, if you freeze them right now she can't open up any credit no matter when as long as you did it online. If you request them be frozen online, it will be frozen within 15 minutes. Once it's frozen she can't open any credit in your name without first unfreezing your reports. She can't unfreeze the reports without having the PIN number given to you when you freeze them. It's like putting a password on your credit, just don't tell her the password. If you feel she has already opened credit in your name check your reports using annualcreditreport.com

Scores: EQ - 763 (Amex FICO 8/1/2015) TU - 761 (Discover FICO - 7/31/2015), EQ - 770 (Citi FICO - 7/28/2015)
Current Cards: Amex BCE - 10k, NFCU cashRewards Sig - 8k, Discover It - 7k, Citi Dividend WE- 6.5k, Chase Freedom - 4k
Last App: 6/10/2014. In the garden for a few years.
Regular Contributor
Posts: 188
Registered: ‎07-23-2008
0

Re: Does Fraud Alert really works

Yes it works but to guarantee your protected I would suggest as JollehRoger stated a security freeze is better.  I have a security freeze and it help tame me from my urge to open new accounts because with each lift I have to pay a fee.

FICO scores:EQ- 723 (6/13), TU- 722 (6/13), EX- ?
My Wallet- AMEX BCE-17.5K, Chase Freedom-6k, Cap1- 5K, BMO Harris-5K, Wells Fargo-2K,
Store Cards-Lowes- 8K, Ashley Furniture-6K, American Furniture-2.5K,


New Contributor
Posts: 55
Registered: ‎12-09-2007
0

Re: Does Fraud Alert really works

Thank you, 

 

I just check my annualcreditreport.com from all three places and its looks normal for now. 

 

She made the threat to me Sunday night and I am just now setting up fraud alerts and freezes. I hope she hasn't opened any accounts prior to today.

 

1. What happens if she opened an account on Monday april 8?

 

2. How long does the freeze remain on my credit reports?

 

Thanks for the help.

Frequent Contributor
Posts: 293
Registered: ‎06-05-2011
0

Re: Does Fraud Alert really works

[ Edited ]

darrell wrote:

Thank you, 

 

I just check my annualcreditreport.com from all three places and its looks normal for now. 

 

She made the threat to me Sunday night and I am just now setting up fraud alerts and freezes. I hope she hasn't opened any accounts prior to today.

 

1. What happens if she opened an account on Monday april 8?

 

2. How long does the freeze remain on my credit reports?

 

Thanks for the help.


1) If there is an account she opened fraudulantly on monday you would have to report it as fraud. But since you said everything looks normal I assume no new credit inquiries caught your attention. If she had applied for a card on monday you would see the credit inquiry. So I think you're safe.

 

2) Until you remove it temporarily or permanently. It can't be removed unless you have the pin. (You can get a new pin if you lose it but you have to answer questions only you would theoretically know.)

Scores: EQ - 763 (Amex FICO 8/1/2015) TU - 761 (Discover FICO - 7/31/2015), EQ - 770 (Citi FICO - 7/28/2015)
Current Cards: Amex BCE - 10k, NFCU cashRewards Sig - 8k, Discover It - 7k, Citi Dividend WE- 6.5k, Chase Freedom - 4k
Last App: 6/10/2014. In the garden for a few years.
New Contributor
Posts: 55
Registered: ‎12-09-2007
0

Re: Does Fraud Alert really works

Thank you for the help.

 

Can I run my scores at myfico.com next month or later if I want? Or do I have to lift the freeze first?

 

Thank you.

Frequent Contributor
Posts: 293
Registered: ‎06-05-2011
0

Re: Does Fraud Alert really works


darrell wrote:

Thank you for the help.

 

Can I run my scores at myfico.com next month or later if I want? Or do I have to lift the freeze first?

 

Thank you.


It varies. Some services such as Credit.com, CreditSesame, and Quizzle cannot softpull your report through the freeze while others like CreditKarma can just fine. I would imagine MyFico.com can pull it through a security freeze.

Scores: EQ - 763 (Amex FICO 8/1/2015) TU - 761 (Discover FICO - 7/31/2015), EQ - 770 (Citi FICO - 7/28/2015)
Current Cards: Amex BCE - 10k, NFCU cashRewards Sig - 8k, Discover It - 7k, Citi Dividend WE- 6.5k, Chase Freedom - 4k
Last App: 6/10/2014. In the garden for a few years.
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.