If nothing else, the opportunity to buy gift cards at a variety of locations and with a variety of cards can help reduce the
likelihood of fraud alerts and financial reviews.
Once you have received your free credit reports as a
part of the fraud alert process, follow up in a few months by taking advantage of your free copy.
The
cost of a fraud alert at TransUnion is usually $ 5 plus tax, a spokesman says, but it is currently available for free online.
The
filing of a fraud alert entitles victims to a free credit report from each credit reporting company, which can be used to determine whether fraudulent accounts have been set up in your name.
One
downside of a fraud alert is it can be ignored by lenders, even though, by law, they are supposed to take specific steps to verify the person who is applying for credit in your name.
You can place a TransUnion fraud alert or credit freeze and TransUnion will notify the other two
bureaus of a fraud alert, but not a freeze.
To have either one
of these fraud alerts place on your credit file, just contact any one of the three major credit reporting agencies, your request will be shared with the other agencies.
So while it's no great secret — and I'll be the first to admit that it's superstition, not science — here's what I do to season a new credit card, reducing (in my mind) the
likelihood of fraud alerts and frozen transactions down the road: