Identity theft is on the rise and often we become victims of it without knowing, until we go to open a new account for credit and discover we have become a victim. Credit monitoring can put your mind at ease knowing you are protected from such a fate by arming yourself with knowledge.
Finding out what is contained in your reports along with your scores puts you in control of your financial outcome. Reading the reports has been streamlined to make it easy for consumers to digest the information and understand what it means.
Finding out that there are accounts in your financial records that do not belong to you can be disconcerting, but the information can be corrected or removed with a simple dispute with the major reporting bureaus.
The information in your file will give pertinent account information and should include contact information for the creditor along with the balance owed and the available funds left over. Other things included in this file are your personal and identifying information such as your name, address, and employment information.
If there are accounts that are negative and not yours it can keep your score low and prevent your from opening new accounts with creditors. By monitoring your file with the three major bureaus you can arm yourself with the knowledge you need to dispute the inaccurate information and increase your score. The Fair Credit Reporting Act protects consumer's rights to know what is in their file and to have accurate and up to date information reported about them.
The service should offer alerts that are sent to your email address letting you know of any changes in your information such as new accounts being opened, changes in your score, when something is removed from your file and general all around protection. These services charge a monthly fee for viewing your reports but it is well worth the investment to deter any crimes against you that you would otherwise not have knowledge about without the service.
It is a good feeling knowing that you have a financial service that is looking out for your needs, but make sure that you research the different types of services to see what is being offered to protect you. Some services only offer minimal support. You want a company that goes the extra mile to alert you to any type of changes in your information as this is important due to identity thieves and mistakes made by either creditors or the bureaus themselves.
Finding out what is contained in your reports along with your scores puts you in control of your financial outcome. Reading the reports has been streamlined to make it easy for consumers to digest the information and understand what it means.
Finding out that there are accounts in your financial records that do not belong to you can be disconcerting, but the information can be corrected or removed with a simple dispute with the major reporting bureaus.
The information in your file will give pertinent account information and should include contact information for the creditor along with the balance owed and the available funds left over. Other things included in this file are your personal and identifying information such as your name, address, and employment information.
If there are accounts that are negative and not yours it can keep your score low and prevent your from opening new accounts with creditors. By monitoring your file with the three major bureaus you can arm yourself with the knowledge you need to dispute the inaccurate information and increase your score. The Fair Credit Reporting Act protects consumer's rights to know what is in their file and to have accurate and up to date information reported about them.
The service should offer alerts that are sent to your email address letting you know of any changes in your information such as new accounts being opened, changes in your score, when something is removed from your file and general all around protection. These services charge a monthly fee for viewing your reports but it is well worth the investment to deter any crimes against you that you would otherwise not have knowledge about without the service.
It is a good feeling knowing that you have a financial service that is looking out for your needs, but make sure that you research the different types of services to see what is being offered to protect you. Some services only offer minimal support. You want a company that goes the extra mile to alert you to any type of changes in your information as this is important due to identity thieves and mistakes made by either creditors or the bureaus themselves.
