The first step in protecting your good credit or repairing bad credit is to get a copy of your credit report from the three major credit bureaus, Equifax, TransUnion. If you are sure that you have a good score, and just to make sure no new charge card has been opened under your name, you need to monitor your score every year. No more than one report may be required, which you can get for free. If you are actively trying to improve your credit, or when you receive your free Credit Reports India that there are errors or discrepancies, you will need a credit monitoring service.
Credit Reporting VS Credit Monitoring
The difference between a report and a monitoring service is mainly how easy it is to use. One report tells you that one of the bureaus believes what’s true of your current situation and history, as well as a statistical value that they represent to your credibility when creating a business information report. Credit monitoring is something that happens over time, which can be compared to your previous reports in your current report.
You can do this yourself, look at your free report every year or pay for monitoring services more often, such as monthly. The inspection service will also highlight the differences between reports from various bureaus and summarize which items in your report are considered negative so that you can deal with them.
Credit monitoring cost
If you use the annual free reports available from credit report companies, the only cost to you is that you spend every year requesting and reviewing reports. If you request additional reports directly from the Bureau, such as every three months or every six months, you will have to pay at least $ 30 each time, unless you meet certain criteria. Read more...
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