topic Re: Fraud Alerts in Credit Cards

Fraud Alerts

Anonymous — Wed, 23 Dec 2009 18:07:16 GMT

Is it more likely to be denied credit due to a fraud alert on you credit report, being that it requires a manual review?

Re: Fraud Alerts

Creditaddict — Wed, 23 Dec 2009 18:10:41 GMT

yes, because some credit people don't understand what the error is they are getting and just decline vs ask you why they can't access your credit report. But usually on recon you can get them to pull another report and move on

Re: Fraud Alerts

Lel — Wed, 23 Dec 2009 18:42:43 GMT

I have an extended fraud alert on EQ, and it pretty much eliminates any chance of instant credit approval when checking out at a store (if the store CC pulls EQ, that is).

Re: Fraud Alerts

Anonymous — Thu, 24 Dec 2009 00:26:07 GMT

@Lel wrote:
I have an extended fraud alert on EQ, and it pretty much eliminates any chance of instant credit approval when checking out at a store (if the store CC pulls EQ, that is).

If you have a fraud alert on one, aren't the other two credit bureaus required to pick it up also?

Re: Fraud Alerts

Uncle_Money — Thu, 24 Dec 2009 01:51:40 GMT

O6:

In my own experience, one report can have a fraud alert while the others do not.

-UM

Re: Fraud Alerts

Uncle_Money — Thu, 24 Dec 2009 01:53:39 GMT

I had a fraud alert on my Experian report at the time of apping w/ American Express. I apped over the phone and they simply transferred me to another department, asked me some questions and I was approved.

Re: Fraud Alerts

Lel — Thu, 24 Dec 2009 02:58:33 GMT

O6 wrote:

@Lel wrote:
I have an extended fraud alert on EQ, and it pretty much eliminates any chance of instant credit approval when checking out at a store (if the store CC pulls EQ, that is).

If you have a fraud alert on one, aren't the other two credit bureaus required to pick it up also?

You know, at first that was what I expected. But I think they they treat the two types of fraud alert differently. Once, when my student loan servicer lost a CD full of personal information, I was advised to contact one of the CRAs and place an alert on my file. They did, in fact, transmit this information to the other CRAs. For the extended fraud alert, which was placed with EQ in response to a possibly fraudulent Verizon account that appeared only on EQ, this didn't get sent to the other CRAs. Maybe it was just a fluke; I don't think I can generalize based on my own limited personal experience.