Credit monitoring is important because it allows you to receive notifications when your credit has been compromised without you having to monitor it yourself 24/7. It's important to monitor your credit because recovery from identity theft and fraud takes time and a lot of effort. Credit monitoring allows you to keep track of your credit with minimal effort and often zero cost.
In particular, credit monitoring can help in two ways: 1) making it easier to identify and correct credit report mistakes and 2) serving as an early warning system for signs of identity theft. Roughly 1 in 4 credit reports contains an error, according to the FTC. And there were 18 million cases of identity theft in 2015, according to the Bureau of Justice Statistics. In short, it’s a scary world out there, but free credit monitoring can help. You can get free credit monitoring through your WalletHub account along with personalized recommendations for boosting your credit.
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.
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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