Credit monitoring companies can be pretty annoying, but they’re also easy to spot, as the best way to track your credit score is to watch for suspicious activity.
And the best part about credit monitoring?
That’s right, you don’t have to pay to monitor your credit.
But it’s a good idea to be aware of any credit monitoring sites, as some of them may offer an enticing offer that’s just plain bad.
Here are a few ways to spot a bad credit monitor.
Credit monitoring sites: Beware of sites that offer credit monitoring services.
Credit scoring sites are typically pretty reliable, but some sites will charge you for credit monitoring and may collect data that’s usually hidden.
If you get charged for credit tracking, it may be a sign that you’ve been exposed to a bad site.
If so, the best thing you can do is to change your credit rating and get your current rating back before signing up.
That way, you won’t pay extra for a credit monitoring service.
If that doesn’t work, you can always try contacting the company directly.
If it does offer a credit score check, it’s usually more reliable and can be more helpful.
Credit reporting companies: Many credit reporting companies offer credit scores, but only a few offer credit monitors.
It’s usually not worth it to go with a credit reporting company that offers a free credit monitoring account, unless you’re looking for a free one that will be accurate.
CreditScore and CreditScout are two reputable credit reporting services.
Both companies offer a free account for people who have a low score.
However, both credit scoring services will charge an extra fee for a verification fee, which is also known as a credit report fee.
Creditreport.com charges a credit check fee that varies by state.
Some states have different fees for different credit reporting firms, so check with your state’s credit bureau before making a purchase.