Credit Monitoring

A critical component of managing your credit is monitoring changes to your credit reports and credit scores over time with credit monitoring. It's a good idea to sign up for a credit monitoring service that tracks all 3 of your credit reports on a daily basis and notifies you of changes on your credit report while also providing you with all 3 of your credit scores. Since you can get notified any time a new account is opened in your name, some consumers use credit monitoring as a form of identity theft protection. In addition, our credit monitoring service will notify you of derogatory reports from creditors. Derogatory reports can often hurt a credit score for years which is why tracking them is very important to building and maintaining a good credit score.

  • Email alerts of key changes
  • Get a detailed view of your loans and payment history
  • Check for mistakes and fraudulent activity

What is a Credit Monitoring Service?

Nobody wants to be the victim of identity theft. Having your personal financial data compromised can be one of the most stressful predicaments you'll face in more

Why Credit Monitoring is Important

It's no secret.

Increasingly, U.S. consumers are turning to credit monitoring services to help build a firewall between themselves and financial predators – especially identity thieves.

That's a tall order. The U.S. Federal Trade Commission has called identity theft one of the biggest consumer complaints over the last decade.

How can credit monitoring help?

Right off the bat, it can keep those identity thieves at arms length. A consumer's worst financial nightmare (at least one of them) is having a stranger steal and assume your financial identity. That could lead to severe financial damage to your credit reports and your credit scores. By monitoring the your credit reports at the major credit reporting agencies, a credit monitoring service can closely track any changes to your data and notify you immediately if there has been a change or security breach. Such services also offer features that will alert law enforcement agencies, key financial institutions (so you can freeze your credit), and even offer insurance against identity theft for a few dollars a month.

That's not all. A credit monitoring service helps you keep on top of one of the most dynamic forces in your life – your credit. By and large, your credit and your credit score change on whenever new information is reported in your credit reports, so it's imperative that you know why your credit profile changes and what factors contributed to those changes. A good credit monitoring service can track your credit reports and scores, even on a daily basis, thus keeping you apprised of where you stand credit- and debt-wise.

A credit monitoring service can also help identify mistakes on your credit reports, primarily from creditors and lenders who report incorrect financial information. Fixing such mistakes (which credit monitoring services can also help you with) can keep your credit scores in good health, and your financial reputation in good standing.

For a dollar a day – or even less – consumers can gain some peace of mind through a good credit monitoring service. It might be some of the best peace of mind money can buy.

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† Monitoring with Experian ® begins within 48 hours of enrollment in your trial. Monitoring with Equifax® and Transunion ® takes approximately 4 days to begin, though in some cases cannot be initiated during your trial period. You may cancel your trial membership any time within 9 days of enrollment without charge.

Calculated on the PLUS Score model, your Experian Credit Score indicates your relative credit risk level for educational purposes and is not the score used by lenders.

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