Credit Monitor Review

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Many individuals who perform credit monitor reviews, report that they are not worth the monthly fee and are a rip-off. However, we say they can be beneficial to a consumer (especially for people with bad credit) seeking to obtain low interest rates on credit cards and loans.


Credit monitoring is the act of surveillance of your credit report for key changes like inquiries or the opening of new accounts. The main purpose of credit monitoring services is to help prevent identity theft and fraud (Early detection of a potential identity theft can make a big difference. Keep an eye out for any suspicious activity by routinely monitoring your financial statements and credit reports.), but we believe it is more beneficial to use the service to monitor information that may negatively effect your credit score. Your credit report can change daily as creditors and lenders report new information about you to the credit bureaus, thus changing your credit score. If your in the market for a new loan, it can provide you with your most recent credit score (on a monthly basis) and this key factor can help you determine the right time to apply for new credit.

Most credit monitoring services have a free 30 day trial and include a free copy of your credit report. After the trial, they will charge a monthly fee of around $15 dollars a month and be canceled anytime. In our credit monitor review, we believe this is a small fee to pay considering it can help you potentially save much more on annual interest rate charges if you know the right time to apply for new lines of credit.

Please note that there are a variety of companies, for a fee, that will monitor your credit reports for activity and alert you to changes to your accounts. Prices and services vary widely. Many of these services only monitor one of the three major consumer reporting companies. If you are considering signing up for a service, make sure you understand what you are getting before you buy. Also check out the company with your local Better Business Bureau, consumer protection agency and state Attorney General to see if they have any complaints on file.