A man holding a smart phone with a graph on it hovbering over an ipad. What is credit monitoring?

Are Credit Monitoring Services Worth It?

It’s no secret that identity theft has been an issue for consumers. However, there is a solution that can help detect issues early on which is credit monitoring. With a credit monitoring service you can track your accounts and receive alerts to any changes or suspicious activity on your credit report, giving you time to start the process of undoing any damage that’s been done.

Your credit history can have an impact on your ability to make big financial decisions, like purchasing a home or buying a new car. If your credit report has any negative information on it, your credit score will drop and you could be denied for many things.

Even if you’re credit is amazing and you have made all your payments on time responsibly, if someone has unauthorized use of your information, they can quickly damage your hard-earned credit score. That’s when credit monitoring comes in handy. You will receive a credit alert with any changes that occur on your credit report and if you see an alert corresponding to a change you didn’t make, you’ll know something is up and you can move quickly to repair any issues that might impact your creditworthiness.

Credit monitoring services can act like a watchdog over your accounts, flagging suspicious activity or changes so you can move quickly to correct inaccuracies or do damage control. You can request a free credit report every year from the three credit bureaus yourself, however, if you’ve been the victim of identity theft or fraud you might need more monitoring so you may want to consider paying for a credit monitoring service. Generally speaking, it’s a good idea to check your credit reports at least once a year. If you’re making a major purchase, consider monitoring your credit for a few months beforehand to ensure everything is in order.

So with that being said, credit monitoring is definitely worth having. With our services at Credit.CC, you can view all of your accounts in one convenient dashboard and be able to review your credit score as well.

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