When it comes to your finances, staying informed is of utmost importance. Monitoring your credit report can help identify discrepancies that might be pulling down your credit score. This is where credit monitoring comes into the picture, helping you stay on top of your credit report. Tradebloc Tim Clark explains how regular credit monitoring can help deter identity theft, which is one of the biggest factors affecting your credit score.
Tim Clark is an expert in the credit repair industry and has vast experience using an array of credit monitoring services to help clients achieve their perfect scores. According to him, people with the highest credit scores are the ones who regularly monitor their credit. Therefore, he considers credit monitoring as a powerful tool that can help improve your score in the long term.
Are you struggling with poor debt and credit management? You have been paying your debts regularly, yet have a low credit score? Here's why you need credit monitoring:
• Helps detect identity theft: Do you know that identity theft is one of the primary factors affecting your credit score? As your personal identity information and banking details are constantly being exposed on the world wide web, it paves the way for unscrupulous activities wherein your confidential data is stolen and misused. Without your information, the data can be used to open new credit accounts in your name, make hard inquiries, make name or address changes, etc.
All these factors can significantly affect your credit report and pull down the score. Credit monitoring can help identify these suspicious activities so that you can instantly raise a query with the credit bureau. This will help prevent damage and also keep the credit score healthy.
• Monitor credit inquiries: Credit monitoring enables you to get instant notification whenever a suspicious transaction is made on your credit account. For instance, when someone unscrupulously uses your personal information to make hard inquiries for credit or loans in your name.
• Improve your credit score: Monitoring your credit report on a monthly basis can help identify discrepancies and suspicious activities, and report the same to get the items removed. In the long run, this can help improve your score.
Tradebloc Tim Clark uses cutting-edge technology like IdentityIQ for effective credit monitoring that can help achieve a score of 700 in less than a month.
