The increase in identity theft has given birth to a lot of new tools consumers can use to protect their credit. Two of those options are fraud alerts and or credit freezes. t these are two VERY different things. In this article, let us discuss what are the differences between a credit freeze and a fraud alert and how to know which one best suits you.

Fraud Alert – How it Works

A fraud alert is widely used by people who wanted to protect their credit report. With a fraud alert, a creditor should notify you (being the credit report owner) whenever a new account is being opened using your name. In this way, you can confirm if you are really the person opening the new account and not someone else who is just trying to use your identity.

Read more The Differences Between A Fraud Alert and Credit Freeze

Resources for YOU:

• Loans for People with Bad Credit
• Secured Credit Cards