Use Credit Monitoring As A Tool To Aid Credit Repair
Submitted by: I-Newswire
2011-12-21 22:00:16
California (OPENPRESS) December 21, 2011 - Consumers everywhere have discovered that they can use credit monitoring to help them repair their credit following a bout with identity theft. Credit monitoring services alert you to changes in your credit report, like when a new credit card is opened in your name using your Social Security number.
Using a credit monitoring service while you are repairing your credit can help you track your progress as well. While credit monitoring services do have their fair share of critics, this is one time such a service is well worth the money.
You should bear in mind that there are different types of credit monitoring. If you sign up for the wrong kind, it will be a waste of your time and your money. You need to be sure you sign up with a credit monitoring service that will let you see changes to your credit report and your credit score, preferably from all three credit reporting bureaus.
To help you make your decision as to which service is right for you, look for free trials. Many services offer them, and it doesn't cost you anything to try it out. But don't forget: If you don't like the service, you must remember to cancel it at the end of the trial period. The service will not contact you to remind you to cancel, but you can bet they'll be quick to charge your credit card.
Once you have taken a good long look at your credit report, as well as your billing statements from lenders and creditors, you will want to put together a solid plan to repair your credit. This should include checking your credit on a monthly basis, so it is a good idea to choose a plan that will allow you to do so.
Each month, you will need to review your credit and score. Make sure your payments are reported on time and that your report reflects that your balances are decreasing according to your payment amounts. If you have disputed an inaccurate account, you need to check to be sure these accounts are being removed from your credit report. You will also want to watch your credit score to be sure it improves as you work your credit repair plan.
By choosing the right credit monitoring service, you'll find that making repairs to your credit and getting back on track will go much more smoothly - and you'll be back on track before you know it.
