How to Place a Fraud Alert

If your identity has been stolen, the bad actor who took your information will likely try to commit fraud next. Placing a fraud alert on your credit report is one of the most proactive steps you can take to set up an extra layer of protection.

This helpful guide unpacks how to place fraud alerts on your accounts so you can safeguard your financial information.

How to place a fraud alert

Placing a fraud alert is free, and it doesn't affect your credit score. You can usually place an alert on your account in just a few minutes.

Step 1: Contact one of the three credit bureaus

Fortunately, you only need to make an alert with one of the three major credit bureaus. Once the bureau you choose processes your request, it will notify the other two. This service is completely free, and the fraud alert lasts for 12 months.

Step 2: Verify your identity

You'll be required to confirm your identity with the accepting credit bureau. A representative will typically ask you to provide your full legal name, Social Security number, date of birth, and current address.

Step 3: Choose the type of fraud alert

The bureau will ask whether you've already experienced identity theft or whether your request is a precautionary measure due to suspicious activity.

Step 4: Confirm placement and monitor your credit

The bureau will verify that the fraud alert has been put in place. Once it's active, lenders will be instructed to take extra steps to confirm your identity before they can approve new credit. At this point, it's a good idea to monitor your credit reports for unfamiliar accounts.

What happens after you've placed a fraud alert?

A fraud alert doesn't block access to your credit report or prevent you from opening new accounts. You should still monitor your financial history and look into any unusual activity promptly. 

If you're working to rebuild or establish credit after fraud concerns, focus on exhibiting positive, consistent financial behavior. Platforms like Kikoff make it easy to report qualifying activity, such as on-time rent payments, to the credit bureaus.

Conclusion

Knowing how to place a fraud alert gives you an immediate way to protect your credit profile. Once you're ready to shift back into credit-building mode, take advantage of free tools like Kikoff.

With Kikoff, you can report positive financial behavior to strengthen your credit history. Try Kikoff today to start building a positive credit history.