Your credit report reflects not only your financial history but also your borrowing habits.
Generally, the better those habits, the higher your credit score.
But credit reports aren’t without mistakes.
And they can sometimes serve as an opportunity to stop credit card fraud in its tracks.If you don’t have the time to monitor your financial health yourself, credit-monitoring services stand ready to help — most often for a fee.What is a credit monitoring service?A credit monitoring service alerts you when new information appears on your credit report, such as credit inquiries, new accounts or changes to your borrowing limits.With credit monitoring, you sign on with a company that agrees to monitor your credit reports for changes or suspicious activity.
But they can also help you keep a closer eye on your overall financial health.Why is monitoring your credit important?A credit-monitoring company can be a way for you to monitor what potential lenders and creditors see in your bureau reports.
Most include services like:Text and email alerts.