Credit Monitoring Sites
Credit Monitoring Services - What Are The Most Common Ones And How Do They Work?
Credit Monitoring Sites on a regular basis is not only a good practice for credit history, it is also good practice for protecting yourself from identity theft. By not having identity theft security or regularly monitoring your credit report you are similar to assuming that you ll never have a house fire, accident or won't ever need to see a doctor. You can probably hope for the best but that alone won't prevent identity theft from happening. Competition between identity theft and credit monitoring services has brought the cost down significantly over recent years...
How does one know their credit scores are falling? There are several ways. The most obvious is by reviewing your credit reports. You can get these for free once per year. You can read your report and check for identity problems but you might not always catch everything. If you aren't paying attention to your credit scores, you could miss the very things that will cause your score to drop lower.
Some consumers are even less likely to review their credit reports and they don't care less whether they get these free reports or not. This is because most people don't know that they are entitled to a copy of their credit history each year. Credit monitoring sites send alerts to the bureaus when you fall behind on payments, late payment or file bankruptcy. This can cause negative marks on your credit reports when you were just an average consumer.
Another way to keep track of your credit is to enroll in a free trial with one of the best credit monitoring sites. This allows you to be one step ahead of any thieves trying to steal your information. You need to protect yourself from identity thieves who are looking to take advantage of you. You can be one of the few who actually manages to protect themselves.
One thing to keep in mind is that not all of the credit monitoring services will provide you with your TransUnion information. There are some who do, and they only allow a certain limited type of information. They might notify you about fraud alerts, but not your TransUnion information. If you have a good reason for wanting to check your TransUnion information then you should find one of the better credit monitoring services that offers this.
You need to be careful about the many free trials that are out there. A lot of the free trial offer websites will try and trick you into thinking that their service is as good as a paid service. This is a good way for them to receive more traffic. Once they start sending emails promoting their product, you may think that it is the real deal. It is always wise to take a look at the credit report and find out if the monitoring service has already started to collect your information.
You should also keep in mind that credit monitoring services that offer free credit score checkups will actually collect the free reports from TransUnion and give them to other companies. This means that any time you sign up for a credit monitoring service, you are agreeing to receive more than just your regular credit reports from TransUnion. Some of the best services will offer you even more detailed reports like the four reports from the year.
In addition to getting your regular credit reports you need to know what is being reported. Some services will notify you whenever a new inquiry is made on your account. They may also send you a text message or an email if there is a change in your credit scores. Make sure to look for these added features in your credit monitoring service.