Question

Why is placing a fraud alert an effective way of dealing with inaccuracies in a credit report?(1 point) Responses No one can share your credit report with a credit card or lending company. No one can share your credit report with a credit card or lending company. No one can use your credit cards to make a purchase. No one can use your credit cards to make a purchase. You will be contacted when someone tries to open a new account in your name. You will be contacted when someone tries to open a new account in your name. You can only use your credit cards if you notify one of the credit reporting agencies

Answer 1

The correct response is: **You will be contacted when someone tries to open a new account in your name.**

Placing a fraud alert on your credit report helps protect you from identity theft by ensuring that creditors take extra steps to verify your identity before issuing new credit in your name. This means that if someone tries to open an account fraudulently, you will be notified, allowing you to take action to address any inaccuracies or issues in your credit report.