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How to monitor my credit and prevent identity theft?

By Derek Brown
Published: Thursday, October 15th, 2009

With more and more financial frauds coming to light, credit monitoring is becoming more important nowadays. So in such circumstances it becomes more important to monitor credit reports at regularly. Any changes in the credit report, something that you are not aware of should be scrutinized closely and if you find any discrepancies report it immediately with the credit agency that issued the report.

Your credit report can be misused and your identity can be stolen to open a new account or issue a fresh credit card. In such cases you may run into bills worth thousands of dollars which has been used without your knowledge. This is how people are fall into financial scams.

So protect your identity from being stolen and prevent yourself from becoming a victim of financial scam it is very important to keep a tab on the credit report. Generally all the three credit agencies issue free credit report once every year, but you can pay a nominal charge to get regular updates.

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