As we start 2013, there has never been a more important time then now to regularly check your personal credit reports and their activity. Monitoring your credit,is almost a requirement now-a-days for consumers. It is about the only sure fire way you can get some peace of mind for your private financial information. Although you may already check your credit reports each year, the benefits of using a professional monitoring service each month can take your security to the next level.
You may be asking yourself how can credit monitoring can help protect my data against identify theft? Or what do these services offer over typical id theft programs? With basic identity theft only services, you may not find out about changes to your credit profile until the damage has been done. But if you actively monitoring your credit scores each month, you get way much protection and can normally act before your credit is damaged beyond repair.
Common features include daily alerts via email, that inform you about any changes, new account applications, FICO updates, etc… This makes it easy to quickly take note of changes and respond accordingly. Watching your credit consistently is the key to being assured that your identity is safe and not in danger. Informed consumers are much more likely to eliminate the negative consequences that can damage your scores before they stick.
Every day, monitoring systems will check any and all activity in regards to your financial records. This includes credit card purchases, new account openings, and every instance of your credit report being pulled. If it finds any activity that appears to be fraudulent or even a little suspicious, an alert is sent out. You can also choose to have the alerts sent via text message if that is what you prefer. Lots of the credit monitoring programs are upgrading to be more smart phone friendly. This helps the speed of notifications and gives you another tool in the fight against id fraud. If somebody is trying to steal your identity, you will become aware of the threat as soon as it begins. If there are no changes in your reports and no unfamiliar activity, the reports will not be sent, and after one month you will receive a message letting you know that every thing is the same and there are not any issues with your credit.
Identity Theft Trends For The New Year
Never before has identity theft been such a huge problem that concerns so many people. When fraudulent activities occur in your name, the damage it creates on your credit score can be devastating. Normally people who experience identity theft may not become aware of the problem until after extensive amounts of damage has already been done, even then they may only find out when they need their credit pulled for a new job, loan, or for a rental application.
There are only more and more advances being made in the way criminals obtain personal information in the form of addresses, creditkarma, background checks, social security numbers, or credit card information and steal individual identities. The best credit monitoring services are striving to use the best and latest technology to make their services more secure and more aware of all the possible activity that happens to your reports. These services also help protect your actual credit reports too. Going behind your scores, this is the best long term way to protect your identity and keep all inaccuracies out of your credit report. The damage that is caused by identity theft not only hits your finances, but also your family, your name’s reputation, and the overall peace of mind that you are protected, but with the right protection services, you can get back on with your life even in the event that your identity is stolen.
Although it would be nice to never have to worry about this unfortunate situation, identity theft is becoming more frequent in our society, but with credit monitoring used to programs like credit score monitoring, you can rest assured that if someone attacks your good name, the issue will be found and resolved in no time at all. Every alert will have a button on the top of the page where you can dispute any and all inaccuracies that appear. If the inaccuracy is in your credit report, the proper credit bureau needs to be notified, and the contact information for all three bureaus can be found on the website once you using a professional monitoring service.