 TITLE: What Is a Fraud Alert? CONTENT: What Does a Fraud Alert Do?\n---------------------------\nThe purpose of a fraud alert is to add a layer of security to the loan application process, with the goal of preventing criminals from opening bogus credit accounts or taking out loans in your name. The first step that typically occurs when a creditor processes your credit application is a credit check, and that requires access to your credit file at one of the national credit bureaus (Experian, TransUnion or Equifax). A fraud alert pauses the credit check process and instructs the creditor to confirm your identity before it accesses your report.\nRequesting a fraud alert at any one of the credit bureaus automatically applies alerts to your credit files at all three bureaus. Each fraud alert deactivates itself on a preset expiration date. You can have a fraud alert lifted before its expiration date if you wish, but you must contact each credit bureau individually to do so.\nThere are three types of fraud alerts, and you can request any one that applies to you:\n*   **A temporary fraud alert.** Also known as an initial fraud alert, this type of alert lasts one year and then expires. You can add one to your credit report anytime, for any reason. You can renew it as many times as you like.\n*   **An active-duty fraud alert.** This alert protects active-duty service members on assignment away from home, and also lasts one year unless it's removed earlier.\n*   **An extended fraud victim alert.** Extended alerts last seven years and are designed for victims of credit fraud or identity theft. If you've been victimized and have reported the crime to authorities, you can obtain an extended fraud alert by submitting a copy of the identity theft report you filed with law enforcement. END