Categories

Most Popular

Best Credit Monitoring Services of 2020

This review of the best credit monitoring services could save you thousands of dollars.

A quick glance at the headlines reveals that large-scale data breaches are distressingly common. Millions of online community members, software users, and web shoppers have found their personal information compromised: stolen by hackers and sold to the highest bidder.

Hackers are after more than uninhibited photos from your spring break in Cancun. Home addresses, passwords, banking information, and credit accounts have all been exposed in breaches. Criminals have access to all the information they need to impersonate you online and access your financial accounts.

That’s identity theft. The Insurance Information Institute says more than $16 billion was stolen from 15.4 million Americans in identity theft crimes in 2016 alone. And that was before the Equifax data breach, which compromised financial data on more than 140 million people.

Most of those people were unaware that their data had been stolen and their financial information was being misused until weeks later. Then many of them learned the hard way. Money was transferred to anonymous accounts. Large cash advances were taken half a world away. Credit payments were made for goods and services they never received or wanted.

That’s why it’s more important than ever to subscribe to a credit monitoring service. For a few dollars a year, the service will keep an eye on your accounts, alerting you of suspicious activity. The sooner you notice unauthorized use of funds, the sooner you can notify banks and other institutions. You’ll be able to cut off the criminal’s unauthorized use of your bank accounts, credit cards, and online accounts immediately.

Consumers around the world have an urgent need to know: What is the best credit monitoring service to use? Which service is the most helpful in maintaining a healthy credit report that can mean a better life for you and your family?

The plain truth is that any monitoring service is better than none. The six we have identified here are the best of the best. Any one of them will help you protect your balance sheet and your credit report from hackers.

SHOW MORE

Fortunly’s Top 3 Credit Monitoring Services

Fortunly's Top 3 Picks

IdentityForce

Credit improvement simulator

Monitoring over public records

Alerts when desired balance is exceeded

Visit Site READ REVIEW

Identity Guard

IBM’s Watson AI

Social insight report

3 credit bureau reports

Visit Site READ REVIEW

LifeLock

3 credit bureau reports

Pre-approved credit reduction

Court records registry scanning

Visit Site READ REVIEW

6 Best Credit Monitoring Services of 2020

1. IdentityForce

Using advanced detection technology, IdentityForce provides powerful identity theft protection that monitors court, arrest, and sex-offenders records looking for any danger over your personal data. Besides regular alerts, IdentityForce offers three-bureau credit reports and monthly summaries of your credit activities.READ REVIEW

Credit improvement simulator

Monitoring over public records

Alerts when desired balance is exceeded

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

2. Identity Guard

With the introduction of Watson's artificial intelligence platform, Identity Guard monitors your personal information over thousands of databases, offering social insight reports, three-bureau credit reports, and high-risk transaction alerts.READ REVIEW

IBM Watson artificial intelligence platform

Social insight report

Family value plan

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

3. LifeLock

LifeLock is a trusted name with a wide variety of services. LifeLock will notify you if any of your personal details are in danger and will give you monthly credit reports, including monitoring public records and protecting your identity from the dark web marketplace. READ REVIEW

3 credit bureau reports

ID protection add-ons

Pre-approved credit offer reduction

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

4. Experian

As one of the reporting agencies, Experian gives you three-bureau credit monitoring with a multitude of options such as your personal FICO report and advanced ID protection features.READ REVIEW

Personal FICO score report

Credit freeze on request

Service for small business owners

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

5. Privacy Guard

Privacy Guard has a long history as a monitoring service provider that stands out with a wide array of useful features. Privacy Guard will monitor your credit on a daily basis, issue alerts if changes occur in your credit file, plus Vantage scores and three-bureau credit reports. READ REVIEW

Vantage 3.0 system

Identity theft protection education

Financial calculators

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

6. TransUnion

As one of the big-three credit bureaus, TransUnion provides monthly monitoring for your credit score and credit report while monitoring public records that pertain to your personal details. Besides your FICO score and identity theft protection, TransUnion offers many interesting and useful features such as Security Freeze. you will be welcomed with many interesting features such as the Security Freeze feature.READ REVIEW

Personal FICO report

Security Freeze feature

ID theft assistance and insurance

Visit Site

show more


Instant ID verification alerts

Credit reports from all three bureaus

Affordable price

ID theft victim assistance

How We Choose the Best Credit Monitoring Services

Three major credit bureaus track the details of your spending life. Although the three services are largely consistent in the pictures they paint of American consumers, different banks and other credit providers report to different bureaus. For a complete picture, you must monitor all three. That’s our starting point in assessing monitoring services. Put plainly, you need the best credit monitoring service that covers all three bureaus.

Given the staggering number of businesses that have been hacked in recent years, both credit card fraud and identity theft are real concerns that no one can afford to ignore. Even if you don’t use credit cards, bear in mind that scammers can take your information and open an account in your name – exposing you to massive losses. Without dependable credit monitoring services in place, you may not realize that your credit has been compromised until you are denied credit and late-payment notices start coming in. By that time, it’s too late.

Different services provide different types of monitoring and identity theft protection. That’s where we step in. We’ve been investigating to find out which credit monitoring service is best to ensure that our reviews reflect the most current and comprehensive analyses.

Every credit monitoring service performs three key functions:

  1. Credit report monitoring: Active monitoring of credit report companies for changes that might be linked to any sort of fraud.
  2. Identity theft protection: Active monitoring of personal information, including your Social Security Number, registered credit cards, and bank account numbers for detecting signs of fraud.
  3. Comprehensive credit monitoring: This is a combination of credit monitoring and best service when it comes to identity theft protection that is designed to keep your credit file and personal information safe.

Now let’s list the criteria we follow when evaluating the market’s best credit monitoring services.

Instant ID Verification Alerts

Even the best credit monitoring service is not effective at preventing breaches. That’s out of your hands.

Instead, when deciding what credit monitoring service is best, it is important to look for the ones that give you a timely verification alert for suspicious activity on your credit accounts. The best identity theft protection services will call or text you immediately. Many have mobile apps that will notify you as soon as they identify any change or signs of potential fraud.

We award bonus points to services that automatically notify the credit bureau about the fraudulent activity happening on your account. This could save you lots of time if the questionable activity proves to be a hacker.

Credit Reports From All Three Bureaus

Another important feature: All three major credit bureaus should be monitored for changes in your credit activity. The best way to check the credit score on your account is to employ a monitoring service that includes this feature. That lets you make more informed financial decisions and monitor the distribution of personal information such as your Social Security number across thousands of databases.

This is why you should look for the best credit monitoring service that covers all 3 bureaus. Some tools provide this feature on a weekly, monthly, or annual level. Reports usually include data from all three credit bureaus, credit inquiry alerts, and monthly credit score tracking. This will surely come in handy to keep you informed about what’s going on with your credit report.

Affordable Price

The price for the most expensive and best credit monitoring service is small compared to the nightmare of having your data stolen and misused. Still, no one likes to overpay for any service, even if it is the best service for monitoring credit reports.

That is exactly why we made a comprehensive list of credit and identity theft prevention features that provide the best service at the most reasonable price. Unfortunately there is no such thing as free credit monitoring, but these services charge a small price in exchange for substantial peace of mind.

ID Theft Victim Assistance

The ideal credit monitoring service not only helps prevent and detect identity theft, but also provides aid after the fact. This feature is called ID theft victim assistance or fraud resolution assistance. It can be a big help if your identity is stolen or you discover unauthorized charges on your bank account. The best identity theft protection or fraud resolution assistance means that you will receive professional help from a personal case manager who will file all necessary reports and other tedious paperwork to prevent further losses and keep your life on track. The credit monitoring services that offer this feature make sure support is available around the clock.

Besides one-on-one assistance from an identity theft specialist, the best-rated credit monitoring service should establish reimbursement limits to help you deal with lost funds as well as an option for power of attorney to take your case to court. Most services offer $1 million of identity theft insurance.

The 6 Best Credit Monitoring Services of 2020:

  • IdentityForce

  • Identity Guard

  • Lifelock

  • Experian

  • Privacy Guard

  • TransUnion

At a Glance

  • Instant threat detection and alerts
  • Dark web market constant monitoring (court and sex offenders record included)
  • Monthly credit score tracking and three-bureaus report (UltraSecure+Credit plan only)
  • Identity restoration specialists and ID theft insurance
  • Affordable price with both levels, with additional 14-day free trial

Another top contender for best real time credit and identity theft monitoring service, IdentityForce succeeds by using advanced detection technology. IdentityForce has recently been acquired by EXShield, offering you the benefit of two identity theft service powerhouses with the most secure capabilities and rapid restoration service in place. This company has been in the monitoring business for 40 years, with customers writing dozens of positive IdentityForce reviews and the Better Business Bureau assigning the company an A+ rating.

Instant ID Verification Alerts

IdentityForce monitors quite a lot beyond credit information. Your public information will be checked for changes, including address changes, court and arrest records, and payday loan apps. Also, this credit monitoring service will monitor sex offenders registries to see if your personal details are in any way associated. These features are provided at every tier of service IdentityForce has to offer. Besides regular alerts, IdentityForce offers another excellent feature: You can define a certain threshold amount, and the company will alert you whenever a withdrawal or balance transfer exceeds that amount. This will help you get and keep a reliable credit score.

Credit Reports From All Three Bureaus

IdentityForce is one of the most far-reaching services on the market, since it provides tracking public records databases in both of its service levels. In addition, it provides the best credit monitoring service with all 3 bureaus’ reports. You will have access to quarterly credit reports and credit scores from all three credit-reporting agencies with a monthly report of your credit activities followed by timely alerts and notifications. Another useful feature IdentityForce has to offer is a credit-improvement simulator which has limited protection against phishing attacks and information-stealing malware included.

Affordable Price

There are two tiers with IdentityForce. The $17.95/month UltraSecure plan comes with 24-hour monitoring of public records, your financial balance, and online criminal marketplace. If you are a Windows user, this tier will provide you the best credit monitoring service along with protection against phishing and data-stealing malware.

However, UltraSecure does not include access to three major reporting agencies. If you decide to step up with the UltraSecure+Credit plan ($23.99), you will receive updated credit reports each quarter. You get your Vantage 3.0 credit score too.

IdentityForce service offers a family plan too, priced at $24.90 per month for the UltraSecure plan or $35.90 for UltraSecure+Credit. Family plans cover all adults and minors in your household, providing an additional layer of protection of your data. IdentityForce offers a 14-day free trial for all newcomers.

ID Theft Victim Assistance

The identity theft specialists of IdentityForce’s best monthly credit monitoring service are available around the clock to ensure that lost finances are easily returned and that you’re back on your feet as soon as possible. The team will keep a close eye on the information provided by credit companies and make sure that you receive instant mobile alerts if fraudulent activity is spotted. If it is, IdentityForce has tools to help you recover. You’ll save a lot of time and headaches you would otherwise spend completing paperwork and sending it off. Standard identity theft insurance is set to $1 million, and it is included in both tiers. Judging by IdentityForce reviews, customers are content with this service.

At a Glance

  • Many alert features available on every tier level
  • Dark web monitoring of your personal details
  • Monthly credit score and three-bureau monitoring (Total and Premier plans only)
  • ID theft assistance and recovery support on every tier level
  • Affordable entry-level service with basic identity protection

Since it was founded in 1996, Identity Guard has transformed its technology to ensure the safety of over 50 million customers. The company now uses IBM’s Watson artificial intelligence platform, and its advanced features and reliability have been sufficient to see Identity Guard named the best credit monitoring service by many auditors.

Identity Guard uses a corpus of knowledge based on data from many different sources to provide the best identity theft monitoring on the market. Judging from Identity Guard reviews, the services have been recognized by customers. Identity Guard has also received recognition from the Online Trust Audit and Honor Roll by the Online Trust Alliance for six consecutive years.

Instant ID Verification Alerts

Identity Guard monitoring service features include several tiers of service monitoring – including regular verification alerts. It will keep track of all your public information and instantly alert you if fraudulent activity is spotted. Your name and Social Security number will be monitored across thousands of databases, giving your entire family impeccable ID theft protection. The Watson AI platform watches online for patterns that might indicate a stolen identity or alterations in your credit account, alerting you proactively to changes that may be dangerous. AI features make Identity Guard one of the best credit report monitoring services on the market.

Credit Reports From All Three Bureaus

There is no doubt that the use of Watson-enabled service brings a multitude of benefits to the monitoring of your personal information. The company offers several tiers of protection and credit monitoring, depending on how frequently you wish to be updated on your credit reports. The Total and Premier Plans offer monitoring over all three major credit bureaus. These programs provide the best credit monitoring service on a monthly basis. However, with the basic Value plan’s affordable price you still get dark web monitoring and access to a risk management report – just without access to all three major credit bureaus.

Affordable Price

The company’s basic Value plan costs only $8.99 a month, offering inexpensive ID theft protection services and a solid risk management plan. Even though you don’t have many benefits in this plan, you still get ID theft assistance with Watson AI monitoring and $1 million reimbursement insurance.

Priced at $19.99 a month, Identity Guard Total issues alerts to any change in your credit file and Vantage 3.0 monthly credit score in addition to the Value plan’s features.

You get the best personal credit monitoring service, including reports from three agencies on an annual basis, in Identity Guard’s $24.99 Total package. The main perk is the “social insight report,” which can be very useful.

Identity Guard offers a family version of each plan to cover all family members at a single address. The Family Value plan run $6 per month extra, and the Total and Premier plans are $10 more.

From dark web monitoring, account takeover alerts, an identity theft insurance plan, privacy assist, and social insight reports to access to all three major bureaus and family plan options, this credit monitoring service has got you covered.

ID Theft Victim Assistance

Identity Guard’s identity theft assistance is proclaimed to be the best credit monitoring service in Consumer Reports. It will surely help you complete the many steps needed to protect yourself if your identity is stolen.

One of the most important features of the Total Family is the monitoring of your personal information – and your children’s information – on the dark web. Identity Guard’s advanced software analyzes billions of data points, sending an alert to your mobile phone when trouble arises. This is exactly what brought the company to the top of the lists in many of the Identity Guard reviews we stumbled upon. In the event that you are a victim of ID theft, Identity Guard provides you with a personal case manager and recovery services, including fraud insurance of up to $1 million.

At a Glance

  • Instant threat detection and alerts
  • Dark web market constant monitoring
  • Monthly credit score tracking (Ultimate plan includes reporting from three bureaus)
  • Provides support for restoring your identity through ID theft assistance program
  • On the pricey side, but with many levels and options

Lifelock tops our list as a trusted name in ID theft protection and credit card monitoring. The company has come a long way since it was subjected to multiple Federal Trade Commision investigations that were eventually settled in 2015.

Lifelock’s founder has openly posted his Social Security number on multiple platforms as an expression of confidence about Lifelock as the best family credit monitoring service. Numerous identity attacks occurred, but LifeLock’s services helped him recover, so the stunt plays pretty well in Lifelock reviews. The company offers a wide variety of protection services with many additional layers of protection ranging from $9.99 per month to $29.00. Let’s answer the main question – is Lifelock worth it?

Instant ID Verification Alerts

Lifelock lets you learn your credit score on a monthly basis, while a full credit report is provided once a year. A unique feature that earns Lifelock a place on the list of best credit monitoring service apps is the pre-approved-credit-offer reduction service, which can be useful if you would like to be removed from mailing lists and avoid being bombarded with new offers. Lifelock proactively monitors thousands of black markets and dark web websites where pirated financial information is sold. The company will alert you immediately if your email, postal address, or other personal details are in danger.

Credit Reports From All Three Bureaus

The best credit monitoring service Lifelock offers to basic users? Online scans for names and addresses associated with your Social Security number. Upgrading to the $17.99 Advantage plan will add a stack of additional features to your account: identity monitoring, court records scanning, data breach notifications, and annual credit reports. With the Ultimate Plus plan ($29.99) you will receive the best monthly credit monitoring service along with the reports from all three credit bureaus, credit-inquiry alerts, sex-offender registry reports, and monthly credit score tracking.

Affordable Price

What does Lifelock cost? Much less than having your identity stolen, that’s for sure. LifeLock protection plans start at affordable $9.99 per month, and this includes the standard service of analyzing thousands of databases to keep your details protected.

This basic service level doesn’t include credit reports from all three credit bureaus and other interesting features, however. If you choose to upgrade to one of the more expensive Lifelock plans – the Advantage plan for $17.99 per month, for example – your details will be protected on a much higher level and scanned through a bigger number of databases. The Ultimate plan ($29.99) lets you ensure that you have the best credit monitoring service for your family and that the credit records of your entire household are fully protected even though the Lifelock price is a bit high.

ID Theft Victim Assistance

With the Lifelock Junior add-on you can make sure that your child’s identity is protected. That’s important: Children’s credit profiles are gold mines for identity thieves because they are usually unprotected. LifeLock Senior is a credit monitoring service for your parents. It’s useful because the elderly are especially vulnerable to identity theft. These add-ons cannot be purchased on their own; they must be bundled with another Lifelock plan.

At a Glance

  • Instant threat alerts to you and all three credit bureaus
  • Monthly credit score tracking using FICO score model
  • ID theft assistance program with reimbursement insurance
  • Affordable base price with additional levels with advanced features

Headquartered in Dublin, Ireland, Experian is one of the world’s largest credit reporting agencies. Its roots date back to 1826. The best credit monitoring service Experian provides is present in 37 countries with more than 17,000 employees. Experian has received awards from prominent agencies including the Forbes Top 100, Top Employers UK 2018, and many more.

Instant ID Verification Alerts

The best credit monitoring service Experian provides is triple-bureau credit monitoring with a multitude of options for one-time access to your credit report. Experian fraud alerts and around-the-clock credit monitoring will keep you updated on your credit details weekly, monthly, or annually. One of the biggest advantages of choosing one of the major bureaus for credit monitoring is that you will be able to act quickly in case of fraudulent activities. Experian staff will immediately contact the other two credit reporting companies to alert them and quickly freeze your files.

Credit Reports From All Three Bureaus

Experian credit bureau is one of the three major reporting agencies, and therefore is able to give you the most accurate information and much greater insights into your credit. Your Experian credit score follows the FICO model. It is one of the most commonly used scores and it is usually what lenders base their decisions on.

Experian’s credit score monitoring app will give you access to your credit information. Experian also offers a unique credit score simulator that can show you how a change like opening a new credit-card account can affect your overall credit score.

Affordable Price

Experian could charge premium rates as one of the three main credit bureaus, but its monthly fees fall within the average range. For $19.95 per month you will get the Experian annual report along with your personal FICO report monthly. If you opt for a $39.95 per month plan, you will get Experian credit monitoring and an Experian scan for the best identity protection along with your monthly FICO score. Unfortunately, some of the advanced ID protection features require an additional monthly payment of $15.95. Yes, it’s expensive. But with these features you will receive the best credit monitoring service available – plus excellent identity theft protection.

ID Theft Victim Assistance

Experian offers predictable, common identity monitoring features. The company’s main focus is credit monitoring, after all. The company’s identity theft protection features fall short when compared with those from other credit monitoring companies. Some of those features include a daily Experian dark web scan and fraud resolution assistance. In addition to personal credit monitoring, Experian offers credit monitoring and protection for small business owners, which seems to be hard to find on the current market. If by any chance you become a victim of identity theft, all you need to do is dial Experian customer service number. Experian’s ID theft insurance fund covers you up to $1 million.

At a Glance

  • Instant threat detection alerts, but no verification alerts
  • Dark web market constant monitoring
  • Monthly credit score tracking and three-bureaus report (Credit Protection and Total Protection tiers)
  • Identity restoration specialists and ID theft insurance
  • Affordable prices and 14-day free trial

PrivacyGuard is a service provided by Trilegiant Corp. in conjunction with Trilegiant Insurance Services and Alliance Marketing Association. The company is headquartered in Stamford, Connecticut. Since 1973, it has offered US residents identity theft protection and the best credit card monitoring service.

Instant ID Verification Alerts

PrivacyGuard states that it will monitor your credit on a daily basis and alert you via text message, email, or phone if any changes occur in your credit files. The service doesn’t offer two-factor authentication when accessing your account, but all you need to do is to enter the last four digits of your Social Security number when logging in. PrivacyGuard scans the open and dark web for signs of your personal information and alerts you immediately.

Credit Reports From All Three Bureaus

PrivacyGuard will provide you with best credit report monitoring service consumer reports, including three-bureau credit scores and reports on a monthly or even daily basis. This service doesn’t stop with credit data; it includes a wide array of interesting features such as financial calculators and identity theft protection features. As soon as you join, you will activate the best credit monitoring service with all 3 bureaus reports and get access to an annual report of your credit scores. The scores you receive are based on the Vantage 3.0 scoring system, a part of the national standard.

PrivacyGuard does a nice job of organizing credit information in an easy-to-read format with highly detailed explanations of your scores. You also get access to an excellent “what-if” calculator that will help you see how your scores might change in case of debt or credit inquiries with easy-to-understand graphs of your credit history.

Affordable Price

You will face a decision among three versions of this credit score monitoring app: a basic plan that is more focused on identity protection, a more expensive plan that’s all about credit monitoring, and a premium plan that combines both.

The first tier, PrivacyGuard ID Protection, starts at $9.99 a month. It is aimed at protection against identity theft.

The Credit Protection plan ($19.99 per month) is focused on providing the best credit monitoring service. With this plan, you will have access to a merged credit report that is updated monthly. Along with that report, you will receive a Vantage 3.0 score based on each credit bureaus’s data.

Total Protection requires $24.99 per month. It combines both ID Protection and Credit Protection services. You also get Norton Security antivirus protection.

At the moment, PrivacyGuard doesn’t offer a stand-alone family plan. PrivacyGuard does have a 14-day trial program, however.

ID Theft Victim Assistance

PrivacyGuard’s service includes a personal resolution expert who will help you every step of the way if you become a victim of identity theft. The resolution team receives plenty of praises on credit monitoring services review pages.

Identity fraud support service is available around the clock and it will proactively notify you if the company stumbles on any suspicious activity.

Besides the established ID protection system, the team offers identity protection education to will help you learn how you can prevent identity theft, plus many helpful tips on how to protect your credit. PrivacyGuard offers a $1 million reimbursement policy which also receives lots of praise in credit monitoring reviews.

At a Glance

  • Instant threat detection and notification alerts
  • Dark web marketplace monitoring
  • Monthly credit score tracking and three-bureau report
  • Additional features: credit lock and lost-wallet protection
  • Identity restoration specialists and ID theft insurance of $25,000
  • Affordable price and seven-day trial

TransUnion is a major credit reporting agency that provides the best credit monitoring service in consumer reports. TransUnion collects and aggregates information on more than a billion consumers in over 30 countries.

Instant ID Verification Alerts

With TransUnion credit monitoring you will receive monthly monitoring of your credit score and your credit reports. Whenever suspicious activity or changes to any of the accounts listed on your credit report arise, TransUnion will alert you via text message, email, or phone. While TransUnion is mainly a credit score monitoring company, it offers identity theft protection as well. The service will monitor public records that pertain to your name, address, or Social Security number. As one of the three credit bureaus, TransUnion will alert you in the event that a problem shows up on any of the three credit bureau services, which is quite an advantage.

Credit Reports From All Three Bureaus

One of the factors that make TransUnion a candidate as the best monitoring app is the fact that TransUnion is a credit reporting agency, and with its service, you will be getting the real deal data, the ratings used by lenders, not a representative score designed to imitate a real credit score. TransUnion will provide updates as they develop, rather than only at specific times and events. You will have access to the TransUnion Credit lock option, which allows you to control whether or not third parties can review your credit. Other services don’t have a feature like this one. The best credit monitoring service with FICO score, credit, and debt analysis tools await you if you opt for this service provider.

Affordable Price

With TransUnion’s True Identity program, you get a service that monitors public records for personal details as well as changes to credit scores – at just $9.95 a month.

TransUnion credit report free reports await those who set aside $19.95 per month. With this tier, users are able to activate the security freeze feature, which will block lenders from fully accessing their credit reports.

ID Theft Victim Assistance

Even though there are ID theft protection features at the first level of TransUnion’s credit score monitoring service, you can add some features once you get into the higher membership tier. You will receive additional layers of protection and around-the-clock monitoring of public records for personal details and suspicious activity. Alerts will be activated immediately if the monitoring department spots anything similar to fraud. Other interesting features include lost-wallet protection, address-change monitoring, and access to identity restoration specialists. This TransUnion customer service program will lead you through appropriate procedures if you become an ID theft victim, granting you $25,000 in theft insurance.

Fortunly’s Guide to Credit Monitoring Services

Is it worth paying for the best credit monitoring service?

Even before reading this article, you were probably familiar with credit monitoring and the importance of protecting your personal information. Employing some sort of credit reports and scores monitoring service is an absolute necessity.
Given how important credit monitoring is, you should always have a basic idea about your credit score and a plan of action to improve it. The identity theft protection offered by most credit monitoring services should be considered a different kind of necessity.

Let’s have a quick breakdown on a couple of important aspects of credit monitoring and give more advice on how to protect your identity.

Identity theft: What you need to know

There are some key things to keep in mind about identity theft protection and monitoring services. First, early detection is the key. When looking for the best credit monitoring service, you should bear in mind that it will not really be about preventing the initial breach of your personal information. That is out of your hands. The protection should be all about getting a head-up as soon as possible about every suspicious activity.

The best identity protection providers make sure to monitor your information across thousands of databases and notify you if your details have been misused by thieves. This gives you a fighting chance of freezing your files or alerting your ID theft insurance provider. A selection of credit monitoring service reviews like this one can help you choose one that suits your needs.

Not all credit monitoring services are equally reliable. That’s why this guide is limited to a small number of the very best, most reliable service. You can’t go wrong when you approach this guide asking what’s the best credit monitoring service?

What Are Identity Thieves Searching For?

Cyber attackers will stop at nothing to steal the information they need. There are a lot of identity theft protection measures, and if you neglect just one they will find you. Here is what they are looking for:

  • Credit card numbers, expiration dates, and security codes
  • Social Security numbers
  • Birth dates
  • Bank account numbers
  • User names and passwords
  • Full names
  • Driver’s license information
  • Passport information
  • Phone numbers
  • Professional license numbers
  • Insurance identification numbers
  • Addresses

Depending on who steals this information and for what purposes – know they will be able to use it to sell your credit reports or personal details on the dark web. For instance, scam calls that harvest bank account information rely upon stolen phone numbers from the dark web. Even the best credit monitoring app will not be able to every attack.

But there is one thing that can help you in this case.

Understanding Identity Theft Protection Insurance

Identity theft protection insurance is an important part of credit monitoring. You may feel confident if you are using the best online credit monitoring service to protect your banking and advise you on fraudulent activity, but your confidence will burst once you realize that by the time the theft was noticed, the damage was done. That’s the very reason identity theft insurance is growing in popularity.

The best credit monitoring services offer an insurance policy that ranges between $25,000 to $1 million. By purchasing an identity theft insurance you are doing what you already do in other aspects of your everyday life – you insure your home, your car, your health and so on. Your identity and financial details need the same protection.

Here is what is usually covered by the identity theft protection insurance:

  • Legal fees
  • Phone bills related to investigation
  • Lost wages
  • Credit monitoring fees
  • Child care
  • Copies of credit reports
  • And much more

Besides the peace of mind you will get with this safety net, many companies will put you in touch with identity theft resolution specialists who will help you navigate through the complicated process of restoring your identity.

What to look for in a credit monitoring service

Given how important credit scores are, you should opt for a service that will provide regular access to both your credit report and your credit scores. The best credit monitoring service will give you a detailed breakdown of your credit history, alert you if a third party has accessed your credit file, and protect your personal information across thousands of databases. The best way to get total protection is to choose the monitoring service that offers a complex credit monitoring service and employs advanced technologies that will protect your identity.

How else can I protect my credit?

There is another way to protect yourself from identity theft and make sure that your credit bureau reports are fully protected: a credit freeze. A freeze denies most creditors from accessing your annual credit report, including analyzing credit applications. Your credit history will deny access to anyone who tries to open a credit card or any other account under your name.

It is important to note that some of the best credit monitoring services offer this service as well.

Wrapping Up the Search

So what is the best credit monitoring service?

The best service for you will depend on what you need from the provider – whether you are more concerned about your identity, your family’s credit file, or if you wish to build up your credit history. Once you’re clear on what you need, this article will help you discover the best credit monitoring service for you.

Protecting your credit is more important than ever. Your digital footprints are everywhere, and cyber thieves have much easier access to private data than they had ever before. Make sure to choose the best credit monitoring service in 2020 that will suit your needs and keep a close eye on the details.

FAQ

What is a credit monitoring service?

Credit monitoring is the process of continuously reviewing your credit reports for changes that could indicate fraudulent activities.

Are credit monitoring services worth it?

Yes, since they help you protect your private details and credit file against cyber thieves who can abuse this information and steal or sell your identity on the dark web marketplace.

What is the best credit monitoring service available?

It depends on what your needs are. Here is a list of the best credit monitoring services on the market:

  • LifeLock
  • Experian
  • Identity Guard
  • IdentityForce
  • Privacy Guard
  • TransUnion

Do I need credit monitoring if I freeze my credit?

A security freeze will prevent any third party from accessing your credit file for a certain period of time, but it’s not a long-term solution.

Does credit monitoring affect credit score?

No. Credit monitoring cannot affect your credit score. On the contrary, it can help you improve your credit and monitor your progress by providing a more detailed breakdown of your credit history.