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5 votes
Fraud alerts and credit freezers are the same thing.

User Abduhafiz
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2 Answers

6 votes
False, Fraud alerts are something that they think someone might have taken your card info and a credit freezers stop it so the frauds cant use the cards anymore.
User Stevan
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5 votes

Answer:

The given statement is false.

Explanation:

Fraud alerts and credit freezers are the same thing. This is false.

A fraud alert occurs when someone else steals your identity. So, the fraud alert permits the creditors to get the reports of the original person. These reports are accessed till the identity is verified.

Whereas a credit freeze stops all the access to ones credit report until the person lifts up the freeze with a password protected credit bureau account or a PIN.

User KargWare
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8.0k points