Credit Card Guide
 
Follow Us  twitter facebook You Tube Google+
 
Credit Cards > Credit Card News > Credit History > The Importance Of Credit Monitoring



 
 

The Importance Of Credit Monitoring

 
By Eva Norlyk Smith, Ph.D.
May 22, 2009
tools
tools
email print comment
tools
SHARE

Identity theft is one of the fastest growing crimes in the country today. It doesn’t just happen if your credit card gets stolen and you end up with fraudulent charges on your account. Identity theft happens when someone gets hold of your personal information, such as your name, date of birth, or Social Security number, and uses that to open credit card accounts in your name, obtain loans, or drain bank accounts.

One of the best ways to protect yourself against identity theft is to store all your personal information, including credit and debit cards, in a safe place. In addition, never give out your personal information to anyone, unless you are sure that they represent a legitimate company or service.

Review your credit reports regularly. This will alert you early on if you’ve been a victim of identity theft. It is also a good idea to enroll in a credit monitoring service, which gives you a number of tools to monitor, manage and protect your credit and identity information. This service involves a fee, so be sure you understand the terms and conditions before you sign up.


Share 
 
     

 
 

VIEW RELATED STORIES

How long will I pay for my credit mistakes? - Even the smallest financial mistakes can have long-term credit consequences. Here's the life expectancy of seven common credit events

Will Bad Credit Really Cost You Your Dream Job? - Employers can consider a lot of things when deciding whether to hire you -- including your credit report. But if you're close to landing your dream job, will poor credit be the thing that stands in your way?

How to Rebuild Credit After Hardship - When people develop bad credit, a common reaction is to get off the credit horse entirely and stop using credit. But that's exactly what you don't want to do. To get out of hardship, you have to go through hardship. And to rebuild credit, you have to use it first.

ALL CREDIT CARD NEWS & ADVICE ARCHIVES >>

 
     

 
  If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the ‘Post to Facebook’ box selected, your comment will be published to your Facebook profile in addition to the space below.

Comments Closed

 
     


 
Secure SSL Technology
Secure SSL
Technology
 
Twitter Facebook You Tube Google+
About Us Privacy Policy Editorial Team Terms of Use
Contact Us California Privacy Rights Media Relations Site Map

Close X