Credit Alerts

The Importance of Credit Alerts – CreditReport.com

Credit monitoring alerts provide you with notification when changes to your credit file occur. This type of service is mainly used to prevent identity theft, but it's also an excellent service for tracking improvements in your credit score or your credit history. One way to distinguish a good monitoring service is whether they provide e-mail notification of changes to your account within a 24-hour period.

There are different types of account changes that make their way into credit alerts. When a creditor makes an inquiry into your credit history, an alert is usually sent out. This can be one of the first indications that someone is using your personal and credit information to obtain new lines of credit.

An unauthorized new account is a good sign that someone is trying to take advantage of you. Knowing about suspicious activity is the first step in stopping criminals from continuing to damage your credit. Close down those accounts, change your personal information and passwords as necessary, and contact creditors to clear up any issues immediately.

In addition to potential crimes, a credit monitoring alert is a helpful tool for people looking to improve their credit rating. If you're trying to get a better credit score before you apply for a home loan or line of credit, a credit alert may help you understand when your score has improved.

However, before you can properly be protected from identity theft, you should first receive your credit report. In addition to this, you will need to understand how to accurately read the information included in your credit report. On CreditReport.com, you can easily get your credit report online, and can also find valuable information on how to correctly review the report. Once you have your report, you can then see whether or not you have a “good” or “bad” credit score. If you’re uncertain of the differences between a “good” and “bad” score, you can also find out about these differences on CreditReport.com. Additionally, you can read articles about why a 3-in-1 credit report is the most important report to get, and also find information about the three credit bureaus. Other valuable facts include articles about who can access your report, and also the importance of your credit history when it comes to getting a job, buying a home, or making other large purchases. Also included on CreditReport.com is coverage concerning credit disputes, and what your financial rights are.

If you need more information on credit monitoring alert options, or any of the other above topics, feel free to browse CreditReport.com further.