Credit Score Monitoring

Find Out How Credit Score Monitoring Can Help You And Your Credit

Will credit score monitoring hurt my credit?

Not really. First of all, every consumer has the right to look at their credit report, without any effect to either their credit, or their credit score. You see, when you request your credit report, it isn't the same as if a finance company requests your credit report. Your request is called a 'consumer pull' and has no effect on your credit whatsoever. It's only when you ask a possible creditor to inquire, that it can affect your score negatively, because of the implication that you're planning to open new lines of credit.

Will credit score monitoring help my credit?

Not really. But knowing your credit score will let you stay on top of your credit. The data that's at the basis of your credit report changes over time, and so even under the best of circumstances your credit score will also fluctuate. If you are signed up for a credit score monitoring service, you'll have a better sense of whether or not you qualify for credit, and if you do, what rate you'll receive. And, if someone else has taken credit in your name or you have reason to suspect that you've become the victim of identity theft, credit score monitoring will let you know much sooner.

Three bureau monitoring, or single bureau monitoring?

You can choose between single-bureau monitoring, and three-bureau monitoring, it's up to you. Three-bureau monitoring will give you access to your credit scores from TrueCredit, Identity Guard, and Equifax. Of course, you'll find yourself paying more for access to all three credit reports, than for just one.