Credit Monitoring

This is a program component whereby the credit report data is monitored for significant events.

This is accomplished anywhere from daily to monthly and the individual is notified of any major events that take place on the credit reports. Events that would act as a trigger include address changes, application for loans, significant change in credit score, change in account status and similar transactions. Typical notification is done through email.

The advantage of this component is that it yields a more immediate indication if there is some type of adverse credit activity taking place that would not show up until the individual received a full credit report, perhaps not until almost a year later.

Credit monitoring, like fraud monitoring, is a proactive program to assist in early detection which can mitigate the effects of identity theft.