What is credit monitoring?

About credit monitoring

Catching a thief can be a tricky business. Credit monitoring can make the process much easier. You simply sign up with a credit monitoring company to have them watch your credit report for any activity or anything that seems suspicious. When something odd happens that may be fraudulent, they will notify you.

If you are concerned that your identity has been stolen, you can have a statement added on to your credit report notifying potential creditors of that fact. It just provides an added step to keep someone from stealing your good credit.

Some companies offer a free trial to their credit monitoring product. If you don’t wish to keep the service (for a monthly fee) after the trial period, you usually have to cancel the membership within a specified window of time.