Take a look at our picks for the best credit monitoring services, and safeguard your credit card from various cyber threats.
Whether you’ve been subjected to identity theft in the past, or you’re planning to apply for a new credit card and want to make sure it’s safeguarded from all sorts of cyber threats — one thing is sure, you’ll want to choose one of the best credit monitoring services out there. Unfortunately, identity theft and fraud are awfully common nowadays and if cybercriminals get a hold of your personal information they can use it to open up credit accounts, take large loans, and bring you to the brink of bankruptcy. According to Javelin’s 2021 Identity Fraud Study, identity theft and fraud swindles cost the citizens of the USA a loss of over $43 billion. By utilizing only the best credit monitoring services, you’ll easily track your credit score and shield yourself from identity theft. This security service will provide prompt alerts about any changes to your credit profile, as well as watch over your financial accounts and the dark web for any suspicious signs. To speed up your search for the perfect credit monitoring service, we’ve going to look into the price-performance ratio, prominent features, and usability of these solutions and handpick those we find the best. However, before getting into the meat of the matter let’s clarify what are credit monitoring services and how can you find the right one for you. The sole purpose of a credit monitoring service is to swiftly alert you about any changes made to your credit scores and reports giving you the chance to inspect your credit account for signs of any suspicious transactions. While credit monitoring won’t stop cybercriminals from stealing your identity, it will give you a chance to act in time, freeze your credit, block anyone who’s trying to open accounts using your name, report that your identity was stolen, and start recovering from identity theft. In short, it can cut your losses and speed up your identity recovery. With so many credit monitoring solutions on the market, it can be challenging to pick the one that fits your needs. Other than trusting our top picks for best credit monitoring services, you could conduct your own investigation and check does the service monitor credit account from all three main credit bureaus (Experian, Equifax, and TransUnion), how’s their identity theft insurance (it should be no less than $1 million), and check whether they offer any family-friendly packages.
