4 ms·

I'm assuming the fraud alert would give him the chance to fight the charges if they try to report them? How exactly does it help?

• pmichaud 17y ago
  It'll affect his credit rating if there's an unpaid balance in collections. He's reporting that the report is fraudulent in the hopes that it won't hurt his score. I don't have a lot of faith in the credit rating system though, so I'm skeptical that it'll do any good.
  • tokenadult 17y ago
    It should do him a lot of good if there is knowledge in the industry that this company is posting fraudulent charges and not resolving consumer complaints satisfactorily.
• jadence 17y ago
  I have no idea how it'll help and suspect the author is confused about what a fraud alert actually does. A fraud alert is simply a notice put on your credit files that creditors (before loaning you money, giving you a credit card, etc) will see. Creditors are supposed to call the number you listed before extending credit to make sure you actually requested it. A fraud alert's primary use to prevent identity theft and not to dispute items on your credit report.