APR 12, 2012
Sometimes, no matter how careful you are, a crook gets through the defenses and before you know it, you’re the victim of fraud. When it happens, fraud can impact every aspect of your life not just your finances.
Fraud takes many forms from credit card theft and passing fake checks to misuse of your Social Security number or personal information, and even wrongful use of your health insurance. The types of fraud and ways in which its perpetrated get more complicated every year, and so do the steps you may need to take to resolve it.
One of the most important first steps you can take is to contact the credit bureaus and ask for a fraud alert to be placed on your account. Its important to understand these fraud alert facts about what an alert can and cant do for you.
A fraud alert:
A fraud alert does not:
The best way to prevent fraud is to always be vigilant. Check your credit report regularly (credit monitoring can help), and always follow identity theft protection practices.