Daily credit score monitoring services are an early warning system that lets you stay on top of any real-time changes to your credit profile. Daily credit monitoring will notify you of all new inquiries, derogatory accounts, new public records, or changes to your personal information or unknown addresses.
Today, the most significant risk for most people is computer crime. Identity theft, credit card fraud, and other similar fraudulent financial activity are serious risks. If it happens to you, it can cause a lot of distress and difficulty when making a significant purchase.
Identity theft seems like such a strange and sinister thing. You may be wondering why someone would want to steal your identity. After all, you’re just an ordinary person with a regular job and an average income.
However, your identity is valuable to a thief, and they use it to access your retirement savings, make fraudulent credit card purchases, and even take out loans or credit cards in your name.
Even if you aren’t all that well off, if a thief can take out a lot of small lines of credit in different names, they can successfully access quite a large sum of money.
Identity theft is not personal in the mind of the criminals. These criminals gather as much information as they can and use it to assume the identities of as many people as they can from the database of personal information they have. They do not care about, or likely even think about, the lives of the people they target and ruin.
Identity theft is happening on a large scale, and while there are measures, you can take to protect yourself, such as by always using a strong password and two-factor authentication for websites and apps.
And always shred your papers before you dispose of them. The only way you’ll be sure you have not been targeted is to stay on top of your credit report.
Using a credit report monitoring service can help you to stay informed of what is going on with your credit file and will give you an early warning if something appears to be amiss.
Learn How Daily Credit Score Monitoring Can Protect You!
With daily credit report monitoring, you can get an alert whenever anything that is out of the ordinary happens on your credit report.
These could be:
Some daily credit score monitoring services go further than that and will search the Dark Web for your name, address, and social security details. Once your information is found on the dark web, where hackers and other criminals hang out, they will alert you, giving you a chance to take remedial action.
Simply knowing there may be a problem is a massive part of the battle, but it is also helpful to stop it. Sometimes, rather than stealing your entire identity, all that gets leaked is a credit or debit card number. In those cases, the criminal may spend money on your card.
With luck, you will pick up on this problem early, with the first transaction that the criminal does being reasonably small. If you don’t, however, you could end up significantly out of pocket by the time you notice that there are strange transactions on your card.
A good identity theft protection service will offer insurance so that you can claim them back on the insurance even if your bank is unwilling to reverse those charges.
Being the victim of identity theft can cause your credit score to take a huge hit. Companies such as MyScoreIQ and IdentityIQ go one step further than offering protection and restoration services and both have 7 day trail periods for $1.
They are helping you correct errors on your credit rating so that you can still lead a normal life and access the credit that your finances and behavior should allow you to have access to for years to come.
Identity theft is a severe problem, and the implications for a family can be massive. If you are worried that it has happened to you, try to stay calm and talk to some credit repair experts. Document everything that you can, and communicate with your banks and lenders.
It is possible to undo the damage, but it can be time-consuming and stressful. Signing up for a daily credit monitoring service before a problem develops makes a lot of sense, which may reduce your stress level in the long run.
That’s why automatic monitoring of your credit profile provides an ideal “early warning system” and immediately alerts you to new inquiries, just-opened accounts, and other types of fraudulent activities.
Let the experts do the work of protecting you, and enjoy the peace of mind that comes with knowing your finances are secure.
A daily credit monitoring service is a commercial credit monitoring service that charges you a fee to watch or monitor your credit file and alerts you of any changes to credit accounts listed in your credit file.
These services usually alert you of daily changes to your accounts by email, phone, or text message. Some, like IDclub, MyScoreIQ and IdentityIQ all have 7 day trail periods for $1. And can even be seen in real-time. Prices and services vary widely; some services may cost up to $50 a month or more!
So before signing up for a daily credit score monitoring service, please make sure you understand what you’re getting. This is really very important, especially when you are offered “free” credit monitoring.
Before signing up for a “free offer,” check for any hidden fees and cancellation penalties. Next, check with your local consumer protection agency. Also, check with your States Attorney General’s Office and see if any complaints have been filed against the daily credit score monitoring service.
You can now request online a free credit report from annualcreditreport.com once every 12 months. By ordering the credit reports yourself, you can monitor your credit files at no cost throughout the year.
If you have applied for credit and were denied credit, the denial letter mailed to you will have the name, address, and phone number of the credit bureaus that pulled your credit score.
So, where do you go once someone has ruined your credit? And you need to fix your credit score? To get a new credit card, buy a new car, or purchase the home of your dreams?