As a #credit owner, one thing you always need to remember is to stay alert. #shorts #australia
28 Aug 2023 · 1 min
0:50
In this short video, the speaker shares a personal experience of discovering an unknown credit hit on his file. A fraudulent individual had obtained his personal and company details and attempted to secure car loans using those credentials. The speaker learned of the fraud because he subscribes to Equifax’s credit alert service, which notifies him of any new activity for a monthly fee of about $16. He emphasizes the importance of acting immediately—calling the credit bureau and disputing the hit right away—since unresolved hits can linger for years and become much harder to remove. The speaker concludes by urging property investors and anyone with credit responsibilities to vigilantly protect their credit records.
