Credit Scores

Extended Fraud Alerts: What the Latest Federal Reserve Research Reveals About Identity Theft Recovery If you’ve ever been a victim of identity theft, you know how disorienting it is. That phone call from a lender asking about an application you never made. The unfamiliar accounts on your credit report. And then the scramble to freeze your credit, file a police report, and start repairing the damage. ...

How Extended Fraud Alerts Affect Your Credit Score: What the Fed’s New Research Reveals If you’ve been a victim of identity theft, you’ve probably heard about placing an extended fraud alert on your credit report. The standard advice has been: do it to stop criminals from opening new accounts in your name. But a recent study from the Philadelphia Federal Reserve Bank suggests there may be an unexpected upside—and it has to do with your credit score. ...