When purchasing a home, your credit is very important, but just how much do you know about some of the procedures that are meant to "protect" your credit?
Fraud Alerts and Credit Freezes
Fraud alerts and credit freezes are intended to help you protect your credit, but sometimes there can be some confusion with the difference between the two.
Here is what you need to know:
What is a Fraud Alert?
A fraud alert is a signal to potential creditors to let them know to take further steps to verify your identity before issuing credit. They are useful protective measures to put in place if you believe your identity is at risk. To place a fraud alert, contact any of the three credit reporting agencies and request the alert - the agency you…