Credit monitoring is the process of periodically reviewing your credit reports for accuracy and changes that could be indicative of fraudulent activity. It can be done either manually or by using a passive credit monitoring service, such as Smart Credit. A credit monitoring service acts as both a personal assistant and a watchdog when it comes to your credit.
- It provides an individual with reports if any changes happen in their history, with also provides your score and report.
- With monitoring, the opportunity of credit fraud and identity theft is curtailed due to monitoring.
- Alerts provided to individuals on their significant activities, such as credit history, credit inquiries, criminal behavior, records of public nature, and even any other negative information.
Credit monitoring keeps you informed helps you continue on track and is a great way to keep up a strong credit score. It helps you operate instantly whenever anything doubtful occurs. It can be principally useful for people who have subordinate credit scores and are working on improving them.