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Posted on 15 January 2017 | 2,192 views

Why is Credit Monitoring Important?

Credit monitoring services will watch over your credit file with continuous around the clock tracking and notify you whenever there is a change to the credit file. These services will alert you within 24 hours of a change, usually through email, phone, or text message as you see fit.

Seeing changes as they happen so that you can correct inaccuracies and mistakes right away is important so that inaccurate negative items that are new do that impact your financial applications or employment opportunities. Fixing this mistakes as early as possible also helps avoid negative impacts to your credit score.

Perhaps the most important reason to get credit monitoring is in combating identity theft. Fraudulent activity in your credit history in the form of information changes or hard credit inquiries is usually the first sign of identity theft. Since you get notifications of changes to your credit file within 24 hours with credit monitoring, you can spot any activity that you did not initiate yourself. You can then follow up with the credit lenders or companies to stop the identity theft in action.

The threat of identity theft is quite real, and the costs in money, finances, and time to restore your identity will be substantial. Credit monitoring helps you prevent the damage effected by identity theft to prevent it as it is happening.

Why is Credit Monitoring Important


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