Does credit monitoring affect my credit score?

This question is about Credit Monitoring

Lisa Cahill, Credit Cards Moderator

@lisacahill 05/11/20 This answer was first published on 05/11/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No. Credit monitoring does not affect your credit score. When you monitor your credit or check your score, it is viewed as a soft inquiry, which has no effect on your credit. It's important to monitor your credit regularly so you can dispute any items that are fraudulent or incorrect. You can take advantage of free credit monitoring through your WalletHub account.

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How does WalletHub credit monitoring work?

WalletHub credit monitoring watches your TransUnion credit report 24/7 and notifies you about important changes. This allows you to act on suspicious changes quickly. WalletHub credit monitoring is free, and you can sign up here.

Once you’ve signed up, you will receive credit monitoring email notifications by default, but it’s best to download the free WalletHub mobile app to make sure you see your credit monitoring push notifications in real time. You can even set up text message alerts. … read full answer

Enrolling in WalletHub’s free credit monitoring service takes less than two minutes. You can learn more about how it works here.

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How do the free credit monitoring companies make their money?

They all make money in different ways. For example, some credit monitoring companies offer premium credit accounts in addition to the free standard accounts. The premium credit monitoring services do come with a fee, of course.
WalletHub, for one, makes money from third party advertisers. Rest assured, we are not selling the information you share in order to get your credit report from our site. Hope this helps.… read full answer

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