Debt Consolidation Care
Community Area

Will Credit Monitoring Hurt My Credit Score?

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
sunil



Joined: 07 May 2009
sunil's page
Posts: 41



2 Magic Points

Subject: Will Credit Monitoring Hurt My Credit Score?
 
Posted on Mon Aug 17, 2009 3:10 pm  

Will Credit Monitoring Hurt My Credit Score?
Sven



Joined: 22 Jun 2009
Sven's page
Posts: 63



1596 Magic Points

 
Posted on Mon Aug 17, 2009 5:07 pm  

No, not at all.
jassica



Joined: 13 Sep 2009
jassica's page
Posts: 68



14 Magic Points

 
Posted on Sun Oct 04, 2009 6:02 pm  

Credit monitoring is the automated process of keeping an eye on your credit. Credit monitoring helps protect you against identity theft and monitors any changes and/or inquiries made to your credit file by alerting you within approximately 24 hours of any major changes made to your credit file.

No. Credit monitoring has no affect to your credit score. It's simply a service that keeps your credit in check. The only time it affects your credit is when you ask a creditor to inquire about your credit
jassica



Joined: 13 Sep 2009
jassica's page
Posts: 68



14 Magic Points

 
Posted on Sun Oct 04, 2009 6:03 pm  

The specific credit monitoring service you use will determine which credit bureau is referenced in monitoring your credit. Each credit monitoring service uses only one of the three bureaus to monitor your credit; however, since the activity you're looking out for affects your credit across the board, it won't matter which bureau your credit monitoring service uses. They'll still be able to identify unexpected changes or discrepancies in your credit report.

Quick Reply
Your Name
Subject
Message body
Page 1 of 1