What is credit monitoring?

Credit monitoring is an important service for anyone interested in maintaining a healthy credit score. When you enroll in credit monitoring, a company will keep track of your credit report and alert you of any changes in your score. This can alert you to potential problems, such as identity theft or unauthorized account activity. In Massachusetts, credit monitoring services are regulated by the Massachusetts Credit Repair Law, which was passed in 2003. This law requires credit repair organizations to be licensed by the Commissioner of Banks. It also requires credit repair organizations to provide certain disclosures to customers, including contact information for their state licensing agency and specific information about their services. With credit monitoring, companies provide daily alerts of any changes or updates to your credit rating. These alerts will include a notification about any inquiries made to your credit rating, any accounts that have been opened in your name, or any other activity that may have an impact on your credit score. Credit monitoring services also often provide detailed analysis on your credit history, such as what loans or lines of credit you have and how much credit you have available. Credit monitoring is a great way to help establish a healthy credit history, and it can also be used to protect against identity theft. By being aware of any changes to your credit score, you can quickly take action to dispute or correct any inaccuracies.

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What is credit monitoring?

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