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• One of several security measures placed on a credit report for identity theft management and prevention. It is a key provision of the Fair and Accurate Credit Transactions Act of 2003 allowing a consumer to place a fraud alert on their credit record. A consumer would use this option if they believe they were a victim of identity theft. The alert requires any creditor that is asked to extend credit to contact the consumer by phone and verify that the credit application was not made by an identity thief.

  National Credit Union Administration - Cite This Source - This Definition
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  Cite Definition for Fraud Alert

  American Psychological Association (APA)

  Fraud Alert. (n.d.). Pocket Cents Glossary. Retrieved February 3, 2023, from website: http://www.expertglossary.com/definition/fraud-alert.

  Chicago Manual of Style (CMS)

  Fraud Alert. www.mycreditunion.gov. Pocket Cents Glossary. National Credit Union Administration. http://www.expertglossary.com/definition/fraud-alert (accessed: February 3, 2023).

  Modern Language Association (MLA)

  "Fraud Alert." Pocket Cents Glossary. National Credit Union Administration. 3 February. 2023 http://www.expertglossary.com/definition/fraud-alert.

• Browse Related Terms: Annual report, authorization, Credit bureau, Credit Report, FACT Act (Fair and Accurate Credit Transactions Act), Fair and Accurate Credit Transactions Act of 2003 (FACT Act,FACTA), Fair Credit Reporting Act (FCRA), Fraud Alert

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