TransUnion offers instant alerts feature
The feature can help you fight identity theft and fraud faster since it alerts members instantly about changes to their credit report.
TransUnion is a leader in identity theft protection and credit management. The company launched the first-ever instant alert feature, which notifies members as soon as someone applies for credit in their name.
The identity thieves are getting smarter and faster at stealing consumers’ identity and committing fraud. In order to help consumers to stay ahead of these criminals, TransUnion offers instant alerts. TransUnion now sends members an email right when they find out someone has applied for a credit in member’s name.
The instant alerts feature works as following. When someone applies for credit, the lender may send request to TransUnion to receive information on the individual. The lenders request such information to determine whether or not they should extend the line of credit to the consumer and at what interest rate. As soon as request is received by TransUnion, an instant alert is deployed via email to the member. This email will inform the member about credit application attempt. If the member is not the one applying for credit, the member can report the possible fraud to lender and to TransUnion.
While TransUnion will alert members in case of credit card application or critical change to their credit reports, it is recommended to take precautions to minimize the risk of becoming a victim of identity theft or fraud.
You can do the following:
Minimize the documents you carry with you. Do not carry extra credit cards, just one or two you will definitely need. Social Security card, birth certificate and passport are not better to be carried outside the house.
Avoid giving your personal information over the phone. Identity thieves may pose as banks or government agencies. To prevent identity theft, do not give out personal information over the phone unless you initiated the call.
Mind what you throw in trash. Shred all receipts, credit card offers, bank statements, returned checks and any other important personal information before throwing away.
Regularly check your credit reports. Checking credit reports half-yearly is enough to make sure your credit reports are accurate and to notice any suspicious activity.
Keep a list of creditors’ telephone numbers filed away. If your cards are stolen, being able to quickly alert your creditors is essential. Plus you will protect yourself from possible unauthorized charges.
Latest Other Card News
2020 has definitely been a very unusual and challenging year. Many of us have been waiting for its end more than ever. And now, when there is less than a week left until the beginning of the new year, it’s time to sum up the outgoing one and find out the results of the annual […]
Walmart is finally ready to introduce a new subscription service offering free same-day delivery and fuel discount. Walmart+ was supposed to go live back in July, however, it was delayed due to the COVID-19 outbreak. Now the launch is planned to take place on September 15. The new product will help you order any goods […]
This month, American Express introduced its new tool called MyCredit Guide. The Amex website says: “We believe everyone should know their credit score and have the tools to understand it better.” That’s why the new feature was developed. Using the tool, you can find out your credit score and take a look at your credit report, […]
A virtual credit card is a unique credit card number that is linked to your main credit card account but is different from the physical card number. The virtual credit card number allows to shop online or over the phone without using your physical credit card. The numbers can usually be used once and expire if not used. The cardholders can also delete the numbers if they want or need to.
The results of the 2019 Debit Issuer Study, commissioned by PULSE®, a debit/ATM network, and conducted by Oliver Wyman, a global management consulting firm, show that consumer debit use has skyrocketed in the last year and will keep soaring. In 2018, the number of debit transactions increased by 6.7% reaching more than 68 billion. According […]