What is the negative side of Fraud Alerts?
Fraud alerts may in some cases stop you from getting instant credit. In this fast paced world we live in with so many alluring offers at every turn it could be frustrating for consumers to have to wait for credit approval. When was the last time you saved 30% on a purchase for opening credit at a store? How nice to be able to get that wonderful savings. If you had a fraud alert you may have to wait for the approval. Some stores like Bloomingdales will call you within minutes. This will probably become the norm in the not too distant future. More and more consumers are protecting their credit these days. If creditors want instant profits they will have to start reacting promptly to all applications (even the ones with fraud alerts). The only downside to a fraud alert is having to wait for approval. It seems like a small price to pay for credit protection.
About Tracy Becker
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For over two decades, I have owned and operated a Credit Education and
Restoration Company. We can increase Fico Scores by hundreds of points and
our fee is billed based on success. I enjoy Public Speaking across the
Country where I work with all kinds of Professionals, helping them find
solutions to Credit Problems. I have Expertise in both personal and
business credit. I've worked with thousands of people leading them into
better credit and ultimately, financial health and more opportunity. I
educate Bankers, Realtor's, CPA's, and Finance Experts on Credit from A-Z.
I'm also publishing my second book "Credit Score Power". Lastly, I've been
interviewed on national Television and Radio as a Credit Expert. Feel free
to contact me if you have any credit questions or clients who wish to
increase their credit score.
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