Hong Kong’s only “Impersonation Loan Alert System” helps you spot early signs of identity fraud

Identity fraud is a growing threat. A recent TV report¹ highlighted a victim who lost her ID card 3 years ago, only noted for a HK$2.5 million in fraudulent loans she has never took out when she got the last payment notice and checked her credit report.

When fraudsters have your identity information, they don't need your passwords nor your authorisation to steal your money and damage your credit score.

Don't wait until you are being chased for money to regret! Protect yourself with the TransUnion exclusive "Impersonation Loan Alert System". If anyone tries to open a credit account in your name, we will alert you instantly.

Triple alerts: stay vigilant 24/7

To borrow in your name, fraudsters must first open a credit account. TransUnion’s Credit Monitoring Service tracks this from the very first step, triggering alerts the moment suspicious activity occurs!

🚩 Alert 1: Address AND/OR Phone Change Alert

To open a credit account fraudsters must register a residential address and phone number. They often use fake details to avoid detection or to intercept bank mail. If the information provided to an account applicant does not match your existing credit records, TransUnion will instantly alert you.

🚩 Alert 2: Credit Enquiry Alert

If a fraudster slipped through a loan application, the lender will inevitably check your credit report as part of the approval process. At this exact moment, TransUnion will instantly alert you about the new credit enquiry.

🚩 Alert 3: New Credit Account Alert

Even if a fraudster is experienced and bypasses initial checks of “Credit Enquiry Alert”, they can’t hide for long.

All new credit accounts must be recorded on the "Credit Data Smart" platform. If a new credit account is opened in your name, TransUnion Credit Alert will notify you.

Subscribe to TransUnion’s "All-in-One Monitoring" package now to instantly activate the Credit Alerts. Build a multi-layered defence for your creditworthiness today!

_Reference:

_{[1] 東張西望 - 3年前丟失身份證只補領沒報失惹禍 事主被騙徒去銀行開戶致欠債250萬元}

_{TransUnion is the only organisation that provides Credit Alerts Service in Hong Kong currently.}