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Am I Required To Use A Credit Monitoring Service?

By Derek Brown
Published: Tuesday, September 28th, 2010

Making use of a credit monitoring service is optional. It may be unnecessary for some, but most people think it is a great way of protecting their credit. This service is designed to help protect people from identity theft and some cases of fraud. If you have been a victim before, then this might be quite necessary for you. Everyone should be cautious about their credit information. Make sure you keep your social security number and other important information safe, or at least in good hands. It is still alright to check your reports once or twice a year, but a lot of things can happen in those times that you do not check it. It is a wiser move to have your credit report monitored at most of the times.

Catching a thief in this case can be very difficult. Signing up for a credit monitoring service will make everything easier and more convenient for you. The service will keep a close watch on your credit report and scores. This is being monitored so that whenever an odd transaction has been processed, the service will notify you immediately to verify if it was you who made that particular transaction. This will save you from the pain of having to be the one to constantly check your credit report.

There are a lot of companies that offer credit monitoring services. They charge for a reasonable amount every month. If you are still unsure if you would favor a service such as this, you can try their free trial services. The service will be made available for you for a specific period of time. If you do not want to continue, you have to cancel the membership before the free trial period expires. This is to prevent it from charging you after the trial period. Not canceling it would give the company an impression that you wish to continue with the credit monitoring service.

Even with a credit monitoring service, it is still important that you check on your report as well. You do not have to do it as often as you would without the service. Once or twice a year would be good enough. This is just one of the many ways you can protect your credit information from identity theft and fraudulent acts. This is very important in cases where your confidential information might be compromised. It is better to catch early signs of theft and fraud early, than having to deal with the damages at a later point.

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