Credit monitoring services are tools that help individuals keep track of their credit reports and credit scores, alerting them to any significant changes or suspicious activities. These services typically monitor credit reports from major credit bureaus like Experian, Equifax, and TransUnion, providing real-time updates and notifications about new accounts, hard inquiries, changes in credit limits, and other key events. Credit monitoring services can help detect identity theft early by alerting users to unauthorized activity on their credit profiles. Many services also offer additional features, such as access to credit scores, credit score simulators, and personalized tips for improving credit health. By staying informed about their credit status, users can better manage their financial health, address potential issues promptly, and make informed decisions about borrowing and credit use.
