Credit Monitoring: The Benefits

Many consumers think credit monitoring services are only necessary for those with a troubled credit history, but that is not the case. In fact, it is just as important to use a credit monitoring service to maintain an excellent credit rating as it is to improve a poor one.

When you sign up for a credit monitoring service, you will receive important information from your major credit reports through Equifax, Experian and TransUnion. You will be able to track all of them and make sure that any information reported is accurate.

In addition to avoiding inaccurate marks on your file, you can figure out where the weak points in your profile exist and improve them going forward. Most credit monitoring services show the major factors in calculating your credit score and grade you on each of them. As a result, you can determine how to adjust your financial approach to improve your credit rating. This will impact your chances of obtaining important financing options like a car or home loan.

Credit Protection

Credit monitoring services can also help protect you from identity theft, which is increasingly important because so much of our information is stored online. Unfortunately, credit card fraud and identity theft are commonplace these days. Cyber criminals are able to hack the databases of major companies obtaining credit card information, so nobody’s information is entirely safe.

Information is power when it comes to improving your personal finances. Monitor your credit use on a regular basis and ensure that your reports are reflecting accurate information. Catching inaccuracies early allows you time to correct them, meaning they are not there to prevent you from being approved!

Learn More

Each person’s credit situation is unique. Results may vary, and makes no guarantee of any particular result. The information in this site is intended for general informational purposes only, and is not to be construed as legal, tax, accounting, or other professional advice.  As such, it should not be used as, or relied upon, as a substitute for seeking professional legal, tax, accounting, or other advice. All information in this site is provided “as-is”, with no guarantee of completeness, accuracy, timeliness, or other results obtained from its use. In no event is, its Affiliates, or their agents or employees liable to you or anyone else for any decision made or action taken in reliance on the information in this site. “Affiliate” means any entity that directly or indirectly owns or controls, is owned or controlled by, or is under common ownership or common control of the party in question.

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