Credit Monitoring
How does credit monitoring work?
Credit monitoring keeps a daily watch on your credit report for any changes that can be linked to fraudulent activity. It works by sending you alerts when there is suspicious activity or changes in your credit, making it easy for you to stay on top of your personal and financial information.
Why do I need credit monitoring?
Credit monitoring can help you spot inaccuracies in your credit report that could be the result of identity theft and negatively affect your score.
Such negative impacts to your credit could lead to higher interest rates and even a credit card or loan rejection.
Keeping track of the changes in your report can give you enough time to repair any issues that might be a factor when applying for new credit.
Monitoring your credit can help you better prepare for any planned big purchases and avoid surprises when you go to apply. Generally, it’s recommended to monitor your credit for at least three months before getting a mortgage or any large purchase. That way, you can ensure everything is in order and see what improvements you can make. It's also a good idea to check your credit after your large purchase to verify the accuracy and know the impacts to your credit.
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