In 2022, it’s more important than ever to have good credit. The global economy is in a state of flux, and you don’t want to be caught without a solid credit score.
That’s why it’s important to get the best credit monitoring service available. But with so many options out there, how do you choose? It’s all about understanding what to look for.
Here’s what you need to know about finding the best credit monitoring services in 2022.
The Best Services Track Court Judgements & Bankruptcies
Most people think of credit monitoring as a way to keep tabs on their credit score. While this is certainly important, it’s only one aspect of what a credit monitoring service can do for you.
Perhaps even more importantly, the best credit monitoring service will also keep an eye on court financial judgments and bankruptcies. Why is this important? Because when thieves hijack your credit, they often run up huge bills in your name. Then, they can declare bankruptcy or get financial judgments in court — but these go against you, not the criminal.
By keeping track of these activities, a credit monitoring service can help you head off potential problems before they spiral out of control. In today’s world, that’s invaluable peace of mind.
Keep Up on New Credit Accounts
One of the first things a criminal will do if they steal your personal information is open credit accounts in your name, which they then use to spend a ton of money they aren’t responsible for.
But you can stop them in their tracks by monitoring your credit report for new accounts and hard credit checks. With credit monitoring, you will be alerted if any new accounts are opened in your name, so you can take action to stop the fraud.
In addition, credit monitoring can also help you keep track of hard credit checks on your report. These are often done by creditors when they are considering extending new lines of credit. If you see a hard credit check on your report that you did not authorize, it may be an indication of fraud.
By monitoring your credit report regularly, you can help protect yourself from identity theft and other forms of financial fraud.
Choose a Service That Watches for Name Changes
A big part of identity theft is hiding in plain sight. If a criminal has stolen your identity and wants to avoid suspicion, they may change the name or address on your account.
This is why it’s so important to monitor your credit report regularly. The best credit monitoring services will be able to alert you immediately if an address or name change happens on your account.
This way, you can take action quickly to protect your identity and financial information. It’s always a good idea to monitor your credit report for any suspicious activity. After all, it’s better to be safe than sorry!
To recap, high-quality credit monitoring can save you time and money by alerting you to changes on your credit report, errors on your accounts, and more.
IdentityIQ offers all the features we discussed in this blog post–and more! If you’re ready to get started with credit monitoring that will give you peace of mind, contact us today. We’d be happy to set you up with a plan that meets your needs.
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