What is the red flag alert score on a credit report?

Answer 1

I know this much: The red flags rule under federal law is ostensibly designed to prevent fraud and identity theft. The most common "yes" to a red lfag test Iv'e seen has been a mismatch on phone numbers or addresses. Given the way people move, and the fact that a person might use their cel number on a an application and their landline on the next, I usually just get a phone bill, which will show the actual address and the number in question, and the address, all on the same document as the applicant. Other red flags may be set by a reported fraud, an identity theft claim, or disagreement between DOB and social security number. I have percevied the "red flag score" to be an evaluation of the "safety" of the information reported on the bureau as a result of the fraud indicators or lack thereof. Hence, a hi red flag score is like a high credit score....a good thing.