maroonr2019 maroonr2019
  • 10-05-2024
  • English
contestada

7.Explain why someone might want to put a “red flag” on their credit report.

Respuesta :

nicholskimberly9206 nicholskimberly9206
  • 10-05-2024

Answer: Fraudulent activity or identity theft.

If someone has proof of fraudulent activity or identity theft, or if they have suspicions about it, they may want to raise a “red flag” on their credit report. By raising a red flag, they can help stop more illegal activity by warning prospective lenders to exercise extra caution before accepting any new credit applications. It provides an extra degree of security and can lessen the dangers connected to fraud and identity theft.

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