When a person may be the victim of identity theft, they can alert the credit bureaus to let them know that their account needs to be closely monitored. When a potential creditor tries to access a person’s account with a fraud alert activated, they will have to provide additional information in order to access the borrower’s credit information. Generally the alert is active for 90 days.
What’s Better Installment vs Revolving Credit?
Many people need help to optimize their credit usage. They need to understand the differences between installment and revolving credit.