Deceased Alert

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Deceased Alert

A statement attached to an individual's credit report stating that the individual is dead. A deceased alert is necessary to prevent identity theft. For example, an identity thief could steal a deceased person's information and apply for a loan without any intention of repayment. Without a deceased alert, the bank may be otherwise inclined to extend credit to the identity thief. In such a case, the estate of the deceased could be held legally liable for repaying the loan. The family of the deceased must inform credit agencies of the death before the deceased alert is placed on the credit report.