How long does a fraud alert on your credit report last?

If you’re worried about being a victim of identity theft, you can place a free fraud alert on your credit report. TransUnion offers three types of fraud alerts, and you can choose the option that best fits your needs. An initial fraud alert lasts for one year. This is a smart option if you’re concerned about fraud and want lenders to take an extra step to verify credit applications in your name. There’s also a 1-year fraud alert specifically for eligible active duty military personnel as well.

An extended fraud alert lasts for 7 years. This option is intended for consumers who may have been victims of identity theft. A 7-year fraud alert needs to be requested by mail because it requires some extra documentation, including an identity theft report.

What does a fraud alert on your credit report do?

Unlike a credit freeze, a fraud alert does not block access to your credit report, so you can still open credit accounts. With a fraud alert, creditors are notified to take extra steps to verify your identity before approving a credit application. When you place your fraud alert, you will be asked to provide your phone number. This number will be used by creditors to confirm your identity any time an application for credit is being made. A fraud alert has no impact on your credit score.

 

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