Get Control With the Highest Rated Credit Monitoring Services
If you’re planning on applying for a loan or credit card, creditors are are going to check your credit. That’s why it pays to have one of the highest rated credit monitoring services. This way you can keep up to speed on your credit rating.
This is also true if you’re planning on renting a house or apartment. Many employers are also checking a person’s credit before hiring them.
Often you can be the victim of identity theft without even knowing it.
As a precaution, it benefits to watch your credit and correct any negative points against you. You don’t want any red flags or surprises preventing you from getting a loan or a job. Above all increasing the rates on your credit cards or policy rates for insurance.
With a lot of services out there offering credit reports, how do you know which one to choose? We’ve done the work for you. So, here’s a list of the highest rated credit monitoring services available.
What does a Credit Monitoring Service Do?
There are three credit bureaus that oversee credit reporting, Experian, Equifax, and TransUnion. A credit monitoring service keeps track of any changes in these reports.
Any activity on your credit files, good or bad, affects your credit.
These activities include:
- New accounts opened
- Increases or decreases to your credit limit
- Large Purchases
- New activity on an account that’s been dormant
- Credit inquiries
- Missed payments
LifeLock a highly graded credit monitoring service will monitor your credit files, alert you to any suspicious activity, repair any damages, and even reimburse you for any stolen funds.
This service monitors all websites for use of your personal information and will notify you via email, phone or text if compromised.
It also offers a service that prevents unsolicited credit offers and 24-hour support. Given all these protection features, it ranks as one of the highest rated credit monitoring services available.
For its monitoring services, Experian will notify you of any credit report changes, unauthorized use of your social security number or credit cards, and any changes made to your personal information.
If you have been the victim of identity theft, Experian offers fraud resolution. As a result, if you opt for their identity theft insurance, you will receive protection from any loss.
When you sign up for a free credit score, you get a 7-day free trial of credit monitoring. After that, membership is $21.95 a month.
3. Identity Guard
You can subscribe to one of several levels of credit monitoring services with Identity Guard.
With their standard service, you get identity theft help. This service guides you through the steps to protect yourself if compromised. It also includes identity theft insurance.
Their Essentials plan keeps an eye on your personal information and gives you alerts to any use of that information on many black-market websites. However, it doesn’t keep track of your credit score or changes to your credit report.
If you want these options, then Identity Guard Platinum is the way to go. Even more, it monitors all three credit bureaus for all activity. In fact, this option gives you one of the highest rated credit monitoring services available.
4. Identity Force
Identity Force offers two options for credit monitoring. The UltraSecure+ Credit option is similar to Identity Guard. Moreover, it monitors the use of personal information and alerts you to changes to your credit reports and credit scores.
The basic UltraSecure plan does not include monthly credit report monitoring. But both include identity theft protection assistance if your personal information is stolen.
The reason why MyFICO is one of the highest rated credit monitoring services is that they use the same algorithms that the credit bureaus use to score your credit.
As far as credit monitoring, they offer two levels. FICO Essentials 1B provides a credit report and credit score once a month based on the information from Equifax. In fact, you can go to their website any time to see instant reporting or monitor any changes. You can even track your credit history.
As for identity theft protection, they will help you restore your credit if any of your personal information is stolen. The cost for this level is $19.95 a month.
With the FICO Ultimate 3B level, you get everything in the 1B level but you only get updates every quarter instead of every month. However, what you do get is high-level identity theft monitoring. This plan is $29.95 a month.
MyFICO offers a 10-day free trial to get a credit report from Equifax and a daily tracking of your credit score so you can see where there might need to be remedied.
6. Credit Karma
Credit Karma will give you a free credit score from two credit bureaus, TransUnion and Equifax.
Their credit monitoring is not only on point but they offer many educational resources on their website.
One of the great things about Credit Karma is their credit report card. It breaks down your credit score into several factors and rates each one. As a result, you can see exactly how they interpret your credit to reach a score.
7. Other Credit Monitoring Services
There are several other top rated credit monitoring services out there, and it is worth checking them out to see which one fits your needs the best and provides more services.
Credit Sesame gives you a free credit score from TransUnion. You can also get credit monitoring with their free trial offer. If you sign up you also get $50,000 in identity theft insurance.
TransUnion, like Equifax, will give you a free credit score and a full credit report for $1. Their monitoring service is also similar to Equifax.
What Are the Highest Rated Credit Monitoring Services?
If you are looking for the absolute highest rated credit monitoring services, then you shouldn’t settle for anything that doesn’t provide regular reports, your credit score with a breakdown and identity theft protection that includes repair of any damage caused.
All of the Credit Monitoring Services listed above offer these at various levels.
There are others out there that offer one or two of these services, but not all. Furthermore, if you don’t have consistent monitoring, you might miss a red flag on your credit report or go too long with not knowing that someone is using your personal information.
Either way, it’s worth it to find a service that meets your needs. Otherwise, you might find yourself in a situation unable to apply for credit, a loan or employment, due to no fault of your own.
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