When you are deployed, you have enough on your mind that you don’t need to worry about someone opening up lines of credit using your credit information. Deploying Service Members can add an extra layer of security to their credit by setting an “Active Duty Alert” on their credit report. The Active Duty Alert means businesses have to take extra steps before granting credit in your name.
An Active Duty Alert is similar to a Fraud Alert with the exception of it lasting for one year. Having an Active Duty Alert on your credit report means that before opening a line of credit in your name, businesses have to take additional steps to verify the identity of the person applying for credit. If the deployment will last longer than one year, the Active Duty Alert must be extended to continue to take advantage of the additional layer of security.
To set an Active Duty Alert on your credit report, contact one of the three credit reporting companies listed below. The company you contact will have to contact the other two companies and inform them that you placed the Active Duty Alert on your credit report so they can update their records.
On top of adding an additional layer of security to your credit report, placing an Active Duty Alert on your credit report will also get the companies to take your name off their marketing list for pre-screened credit card offers for 2 years, unless you ask them to add you back onto the list.
Credit Reporting Companies:
More information can be found Federal Trade Commission’s Consumer Information page for Active Duty Alerts.