What are the fraud alerts available to consumers?

Answer 1

Id Theft Monitoring can help you detect credit related fraud and identity theft.

One of the more popular firms is Freecreditreport.com, best known for its humorous commercials featuring a singer who, because of his failure to monitor his credit rating, finds himself in embarrassing situations (such as being forced to buy a used subcompact, the only car he could afford on his poor rating).

Such services are typically available either as 3-Bureau service (with access to data to all 3 national credit reporting bureaus). It is often advisable to see data with all 3 bureaus (Equifax, Experian and TransUnion) to detect identity theft.

Companies providing credit monitoring will typically alert you to important activity such as credit inquiries, public records, delinquencies, negative information, employment changes, new accounts and other changes to your credit history.

Besides, there are companies provide online credit card prevention to prevent chargebacks and to reduce fraud for online merchants using secure and automated XML-based web service. They screen and detect online credit card fraud based on transaction parameters from internet online orders. One of the more popular online fraud detection providers is FraudLabs.com .