Credit Monitoring - It Can Help Prevent Identity Theft
It is a sad fact, but it is a business that is growing, and one that we should know how we can avoid.
As we use the Internet today for so many things, it is inevitable that our personal details will be floating around the net.
Some people choose to never give out any personal details over the Internet, but this means in turn that you cannot take the benefits of ordering products on line, or booking a holiday etc.
For these people who choose to use the high street for shopping, and never give details to anyone, they can still be at risk of identity fraud, from cleverly tampered with cash dispensers, or fraudulent shop workers.
When we surf the Internet, we should be cautions at to who we give our details to, especially when a lot of information is asked for.
Knowing a date of birth, a mothers maiden name, and passport or id number from a simple application form you have filled in is more than enough for the right, or in this case, the wrong person to steal your identity.
The Internet is riddled with spies and robots which steal your personal details, and as many firewalls and spy ware programs you have installed, there is always the possibility that your details may fall into the wrong hands.
Credit monitoring is an excellent way of ensuring that no one is tampering with your identity.
Not just running a credit check, but signing up with one of the best credit report companies on line who will inform you of changes to your credit status.
If you have recently applied for a loan, or taken out a mortgage, it is obvious that your available credit limit will be lowered.
But this does not mean that you are not fit for credit.
If you use a good on line credit monitoring system, it will not only do a three in one credit report, but will also show you your credit scores, which can be between 350 and 800, depending on your worthiness for credit.
When we sign up with an online credit monitoring service, make sure that the provider offers you constant updates to your ratings.
You yourself can check your credit rating as many times as you wish and it will in no way change your credit rating, but also, if you choose the right company, you will be informed when changes are made to your credit status.
If you receive a notification that your credit rate has dropped, but you have not taken out a loan, or indeed done anything that should change your rating, then this is when you could suspect identity fraud.
Automatically being updated on changes to your credit status can help prevent and stop identity fraud, before someone literally steals your livelihood.