Re: Credit Reports? - Posted by Rich[FL]
Posted by Rich[FL] on March 13, 2001 at 11:40:40:
Hi Greg. I put a fraud alert on my credit reports last year because of a big goof-up with my credit card company. I know the alert is there because I requested a copy of the credit reports a few months later and it’s there.
Does it work? Can’t say for sure. I created a new loan late last year for a car I had to buy (old one literally died on the way to the car lot to look for cars!). I wasn’t ready to do this, I was trying to save the cash to buy, but the wife said she needed a car now to get to work! (The nerve of her ! ) Anyway, when I had the fraud statement put on my credit reports, I was led to believe the credit companies were to contact me whenever a new credit request or notification shows up. I was never called by any of the credit companies when I originated this loan. So I’m not sure what what effect this really has. Maybe it makes it easier to remove fraudulent entries.
As Nate said, all you have to do is call the credit companies and request a fraud victim statement be added to your report. They will probably ask some questions about what, why, who, when, where, etc. but I was able to do mine over the phone. Pretty easy actually.
While I’m not sure what this really does for you, it can’t hurt if you’ve really been a victim. Good luck!