Fraud Alert on Credit Report Initiated by CC, need advice!

Get credit card fraud help: For victims of credit card fraud and identity theft, and those that can help.
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billy
 
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Joined: Mon Mar 12, 2012 9:26 am
Location: florida

Fraud Alert on Credit Report Initiated by CC, need advice!

Postby billy » Mon Mar 12, 2012 9:53 am

Hello, I am new to this forum, I have a chapter 7 which is 1 year and 11 months old and am trying to rebuild my credit. I already got approved for a few credit cards and see my credit score skyrocketing up.

My problem is that in the middle of Feb. I got an alert from Equifax about an inquiry from Capital one which i didn't initiate, it was someone from a different state. I called Capital one the same day and they said that it they will put it in the fraud division and decline it.

I have been on the phone with them (Capital One) a few times a week trying to get the Inquires removed from the 3 CRAs and everytime I get different answers and that they are working on it. My question is that I heard once the CRAs get the info. from Capital one that all 3 will put a CRA initiated fraud alert that is a nightmare to remove not like a consumer initiated Fraud alert. I am kind of nervous about this because I am trying to rebuild my credit and might as well say goodbye to pre-approvals and any new credit.

Does anyone have any info about CRAs initiated Fraud alerts? Can I get them removed if they are placed? Will it be mandatory that the CRAs do that when they hear from Capital one?

Thank you in advance for any advice! :(


JCarter
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Postby JCarter » Fri Mar 16, 2012 3:22 am

You will need to write the CRA and request removal of the fraud alert, with a consumer statement placed instead. Fraud alerts CAN be useful though, as it will have the issuer double check before they actually issue a card on your behalf.

If you run into issues with them removing your inquiries contact your State Attorney General's office and request they issue you an "Identity Theft Passport" and fax a copy to Capital One, along with a copy sent via certified mail stating explicitly that you have requested they remove the inquiries and not place any without your explicit authorization. I personally also recommend staying far far away from Capital One in your life after bankruptcy.

Good luck.

billy
 
Posts: 2
Joined: Mon Mar 12, 2012 9:26 am
Location: florida

Postby billy » Fri Mar 16, 2012 9:12 pm

Thank you so much for the advice JCarter! I again this week called Capital one and they gave me the same story that they are working on getting the inquires removed but they are still there and were placed with a California address ( I live in Florida). What did you mean about consumer statement?

Thanks again, I will keep updated.

Cheers, Billy

JCarter
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Postby JCarter » Tue Mar 20, 2012 11:08 pm

billy wrote:Thank you so much for the advice JCarter! I again this week called Capital one and they gave me the same story that they are working on getting the inquires removed but they are still there and were placed with a California address ( I live in Florida). What did you mean about consumer statement?

Thanks again, I will keep updated.

Cheers, Billy


Can you define what you mean by "placed with a California address"? Do you mean that an office of Capital One's in California placed it? Or they are showing that your address is in California?

A "Consumer Statement" is a statement you get to place on your credit report usually defining how an actuary (Risk Assessment) should interpret it in the case of a manual review or processing.

billy
 
Posts: 2
Joined: Mon Mar 12, 2012 9:26 am
Location: florida

Postby billy » Wed Mar 21, 2012 8:29 am

JCarter wrote:Can you define what you mean by "placed with a California address"? Do you mean that an office of Capital One's in California placed it? Or they are showing that your address is in California?

A "Consumer Statement" is a statement you get to place on your credit report usually defining how an actuary (Risk Assessment) should interpret it in the case of a manual review or processing.


I called the 3 CRAs and got a copy of each through the mail (I find there is more info such as a better list of soft inquires through the mail then online) They have my correct address BUT- the Capital one inquiry was initiated by someone with a Ca. address. By the way, the inquires are still on. I guess I'll give it another week and then follow all your advice, Capital one says it could take up to 30-60 days. Thanks again for your help

JCarter
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Postby JCarter » Thu Mar 22, 2012 1:10 am

No problem. Post back, and let us know how things go.

Crashem
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Postby Crashem » Tue Mar 27, 2012 12:27 am

I would fill out FTC Identity Theft Affidavalt and send to each of the credit bureaus with the requests to remove any and all bad information.
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