Credit Monitoring & ID Theft

Identity theft is one of the fastest growing crimes in the digital age. In fact, over 255 thousand identity theft complaints were filed in the United States in 2005 alone. If left undetected, identity theft can create direct loss for the ID theft victim. But identity thieves can also harm you through indirect costs.

Credit Relation

Credit Monitoring & Id Theft Protection

What does credit monitoring entail?

Credit monitoring is a convenient service that individuals should expect from their identity theft protection provider. For more information on what quality, competitive ID theft protection providers offer their individual clients, learn about personal identity theft protection. Two important forms of credit monitoring that you should expect from your ID theft protection service include requesting your annual credit bureau reports and placing semi-annual credit fraud alerts.

Annual credit bureau reports

There are three major credit bureaus in the United States who track your credit activity and record your credit history. They do this in order to assign you a credit score. Creditors use this score in order to assess your credit risk and calculate your interest rates for personal credit lines as well as auto and home financing. By law, you may request one free copy of your credit report from each of the three credit bureaus per year. A quality ID theft protection provider should request your annual credit reports for you so that you can focus your memory and attention on other important people and things in your life.

Credit fraud alerts

The best identity theft protection services take proactive steps to ensure that if identity theft does happen, it is stopped immediately. By placing your name on a national fraud alert list, the three major credit bureaus are required to inform you every time your identity is used on a credit application. By continually placing your name on this list after its 90 day expiration, your ID theft protection service can provide you with an immediate red flag in the event that your identity is ever stolen.

How much is peace of mind worth to you?

While individual consumers can take the time to request their annual credit reports and continuously place their names on high alert for credit card fraud, most working Americans don’t. It’s easy to forget. And these things take time and effort. With a quality ID protection service, you won’t need to remember to perform these credit monitoring strategies. You’ll have professionals doing the work for you!