If I told you there is one step you can make as a consumer that could ward off 99% of identity theft attempts would you be interested? Trust me, as a past victim of identity theft you would be foolish not to consider. My Credit Keeper from HSBC is a professional credit monitoring service that gives you monthly access to your 3 credit scores and access to a variety of tools to secure your credit profile.
It is not just for consumers trying to improve their credit history either. Moreover, it is valuable for anyone looking to secure their credit ratings and keep things in good standing and detect any unusual activities.
What Is A Credit Monitoring Service & How Can It Help Me?
To put it simply, credit monitoring services gives you the ability to track your credit scores, dispute any incorrect information and monitor your credit files for changes.
Creditors rely on your credit scores to evaluate your credit history and judge your worthiness for a new line of credit. If you go into a lender without knowing what your credit score is you could be in for a rude awakening. This underscores the importance for monitoring services in relation to all aspects of your personal finance.
Think of it this way, an identity thief can obtain new credit lines, car loans, rob your savings account, make large purchases, and generally destroy your credit history in as little as 24 hours. Waiting under the end of the year to check your credit report is simply not enough anymore to stop these thefts.
This doesn’t even touch the human aspects of being a victim to id theft. It still haunts me to this day when I need to open a new bank account or negotiate with a car dealer for a new purchase. They will see the past history and have questions. This causes a great deal of anxiety and the best course to prevent this situation is to be proactive in lieu of reactive.
In the long run, a quality monitoring service will save you thousands in future damages by alerting you to unforeseen changes to your credit history.
How To Decide If My Credit Keeper Is Right For You?
- The number one reason to monitor your credit is for early detection of identity fraud. CreditKeeper will notifiy you immediately of any significant changes anytime your credit file changes: from soft credit checks, to new account applications. If you want reach your financial goals in the future, preventing errors in your credit report is crucial and monitoring your credit allows you to prevent these type of mistakes from making a permanent negative impact on your credit worthiness.
- The second reason to use our credit monitoring service is to check your credit score each month from Experian, Equifax and TransUnion. Your credit score is the easiest way to keep a watchful eye over your credit and with monthly updates you’ll know what and how something is impacting your ratings.
My favorite reason to use a credit monitoring service is to simply convenience and being able to relax about your personal information. Knowing that your sensitive financial data is monitored provides some much needed peace of mind. 24/7 monitoring of your credit by professionals will allow you to feel safer and be able respond if your file is changed.
With the rise of identity theft over the past few years, one can never be too cautious when it comes to their credit history. In fact, in 2012 identity theft impacted over 10 million Americans. According to US News & World Report, that number is expected to continue rising in 2013.
If you’re planning to apply for a new mortgage or car loan (or any other large financial commitment), you should register for creditkeeper now in order to review any/all score information from the credit bureaus before you apply for anything.
This one move can save your thousands in interest rates and gives you enough time to get the credit scores right. You can quickly dispute errors or other inaccurate info on your credit file and put your best foot forward on the new application. It also gives you a chance to reach out directly to your creditors in order to reduce the impact of negative items. Sometimes a simple phone call is all that is required to remove the error. A clean credit file makes it much more likely your lender will extend you new credit lines at favorable rates.