credit card

Financial woes are scary.  They can make you feel like your life is spinning out of control.  But one of the biggest lessons that you can learn from financial hardships is the importance of protecting your credit.  Your credit score is literally your lifeline to making important life purchases. So, if you’re having trouble with your finances and find yourself starting to get into financial difficulties, you should consider using credit monitoring services.

A credit monitoring might not seem to be very helpful.  However, credit monitoring services offer quite a bit of financial assistance.  They work to keep track of your finances to help ensure that your information isn’t stolen causing your credit score to drop.

What is Credit Monitoring?

Credit monitoring is a unique service that works to help keep track of your credit score. It alerts you if suspicious activities are taking place. You will get a notification if your credit score is about to drop, so you can be aware of what is causing that lower score.   

Credit monitoring can also help you see if anyone is actively looking at your credit score. The ultimate goal is to prevent identity.

The Benefits of a Credit Monitoring Service

Using credit monitoring services comes with many significant benefits that help ensure your information stays secure.

You Can Stay Up-To-Date

One benefit is that you’ll be able to stay up-to-date on your credit information. It can be easy not to keep a close eye on your credit score. But with credit monitoring, you’ll be able to carefully examine the details that cause your score to be what it is.  Simply put, credit monitoring helps you see how you can improve and secure your credit.

They Are Affordable

Credit monitoring services are often very affordable, and sometimes even free. This means you’ll be able to watch your credit score without having to invest a lot of money into some expensive tool or software to do so.

They Are Secure

Some people might be hesitant to use a credit monitoring service because of privacy and security issues. After all, protecting your information is vital to making so many essential purchases.  However, credit monitoring services are some of the most secure and trusted vaults of information, and the technology used to secure this information is top of the line.

Free Tools to Use

You’ll find plenty of free tools that you can use to help you monitor your credit.

Credit Karma

Credit Karma is an excellent tool to use to watch your credit score. You can create a free account and then download the app. You can also use the website to check your credit score and any other necessary credit information.

If Credit Karma finds a problem or suspicious activity with your account, it will send you instant alerts so you can quickly check it. In addition to this, Credit Karma will work to help give you tips as to how you can improve and maintain a positive credit score. It will also give you recommendations as to how you can plan your finances to help to save you money and improve your score.

Credit Sesame

With a free Credit Sesame account, you’ll be able to instantly get your credit score and receive credit and financial protection at absolutely no cost to you. You can create an online account where you can upload any necessary information that you want to check.

Credit Sesame will monitor your financial information and give you tips as to how you can improve your credit score. It will also send alerts if it notices something goes awry with your account. One great perk of Credit Sesame is that it will send you a warning if you’re about to make a purchase that could damage your score. These alerts will include the details of the transaction and what your next steps can be to help protect or improve your account.

WalletHub

WalletHub will work to monitor your credit report thanks to its 24/7 service. You can use an online account to do this or download its app to help you receive instant alerts and reports on your phone.

WalletHub includes many helpful features to ensure you stay on track with your finances.  It offers complete credit reports, advice as to how you can improve and protect your score, and daily credit updates so you can stay up-to-date with the information.

TrueCredit

TrueCredit will help you to keep a close eye on your finances thanks to its free credit monitoring services. It includes free TransUnion reports you can review and instant alert notifications if there’s something suspicious with your account. It’s also incredibly secure to use, so there’s no fear of your information being stolen.

You can create an account with TrueCredit on their website or download their app, and be able to monitor your payments, statements, and offers with it.

Conclusion

Keeping track of your credit score can be difficult, but thanks to credit monitoring services, you’ll be able to keep a close eye on it and ensure that your score stays high and your information is safe. If you’re looking to help improve and protect your finances and credit score, definitely consider using the free tools mentioned above to help you do so.