Initial Fraud Alert definition
Initial Fraud Alert. An alert that is placed on the credit bureau file for anyone who asserts in good faith a suspicion that they have been or are about to become the victim of fraud. This alert will be on file for at least ninety (90) days.
Examples of Initial Fraud Alert in a sentence
In addition, affected individuals are eligible to receive an Identity Theft Consumer Guide, toll free access to an Identity Restoration Specialist, up to $25,000 ($0 deductible) Identity Theft Insurance, and the protection of 3 Bureau Initial Fraud Alert.
The FACT Act / Red Flag Warnings are: ● SafeScan ● OFAC (Office of Foreign Assets Control) ● Initial Fraud Alert ● Extended Fraud Alert ● Active-Duty Alert If attempting to open an account with an alert appearing on a credit report, we will require the store to fill out the FACT Act / Red Flag form and email the two (2) required forms of identification to credit underwriting for further review and processing of the credit request.