What are the effects of fraud alerts on consumers?
Fraud alerts can significantly impact consumers by increasing their awareness of potential fraud, but they can also lead to inconvenience when trying to access their accounts.
Do fraud alerts affect credit scores?
No, fraud alerts themselves do not directly affect credit scores, but they can influence how lenders view your creditworthiness.
How long do fraud alerts last?
Fraud alerts typically last for 90 days, but you can renew them if you still feel at risk.
What should I do if I receive a fraud alert?
If you receive a fraud alert, review your accounts for any unauthorized transactions and contact your bank or credit card issuer immediately.
Can I remove a fraud alert once it's placed?
Yes, you can remove a fraud alert by contacting the credit reporting agency that placed it.
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