If you are a consumer concerned about the potential risks of identity fraud, you are not alone. With the growing numbers of victims that fall to this crime each year, more and more are signing up with an identity theft prevention service to keep them out of the statistics. One of the most common types of identity theft prevention services is the use of credit id monitoring. Though it works just like it sounds, there is a little more to credit monitoring than meets the eye.
How does credit protection work?
is an identity theft prevention service that monitors a consumer’s credit from all three of the credit reporting agencies. These include Experian, Equifax and TransUnion. By monitoring your credit report, an identity theft prevention service will notify you immediately of any new accounts posted, changes made, collections received, etc.