In this day and age, it’s very common for people to have to deal with identity theft, and this is why you should consider signing up to one or more credit monitoring services. There are three major agencies in the United States (Equifax, TransUnion and Experian), which all offer live credit tracking services that will allow you to see your score in real time. Every time you make a credit purchase, you will be able to track it and if you see an item that was unauthorized, then you will be able to act to have the problem corrected, so you do not face liability.
It makes sense
It makes perfect sense to include credit monitoring services where they’ll provide your credit report as part of your normal budget for running a household or a business. Just as you would get an alarm for your car, deadlocks for your doors and windows, a security camera for your driveway, you should also consider some sort of credit tracking service.
Many people opt only for the basic credit report that you can do online, but in a lot of cases this is not enough to protect you. Normally, you only do one of these reports every few months and during that time you might find that your score has dropped due to someone misrepresenting you. This is why it makes sense to use some sort of credit monitoring services, so you never have to go through this misfortune.
What are the features of credit monitoring services?
Services that allow you to check your credit score in real time usually have a secure login portal that you can access over the Internet. There are even apps available for your iPhone, Android or Blackberry which will allow you to check your score when you are on the road. This is especially useful for those who have mobile businesses.
Normally, you can log into these services whenever you feel like, at any hour of the day and any time of the year. So even if you are on a vacation and for some reason you run into credit issues, you can quickly check your credit monitoring services to verify the problem and attempt to fix it so you can continue your holiday with peace of mind.
Alerts and notifications are also usually possible when you sign up for a service to monitor your credit. You will be able to set up email and text message alerts to your cell phone for a number of functions — such as when you make a purchase, when you pay a bill, or whenever your score changes at all. This will allow you to remain on top of any attempts to tarnish your credit record and fix problems if and as they come up.
Fraud alerts for credit monitoring services
Most of the credit monitoring services also allow you to create fraud alerts, which can be extremely handy for those situations when you are accused of a purchase in another part of the country. You will be able to set many parameters on these alerts so you can obtain the best protection possible.