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Credit Watching Services`
- Thread starter NJL52
- Start date
HugeLifter
Head Mango
I do not think that these services are worth it. They can only notify you of a problem only after it has hit your credit. Often times companies will not report anything to the bureaus until 1-3 months past the incident.
My point is that this isn't real-time.
Most people sign-up for a trial and forget to cancel. This is how they make most of their money and refuse to refund.
My point is that this isn't real-time.
Most people sign-up for a trial and forget to cancel. This is how they make most of their money and refuse to refund.
kx250rider
New member
I'm neutral on whether or not to have one of those services. A lot of them are legalized scams to get money out of you, and as others said, they don't PREVENT credit fraud; they just tell you it happened. The most important thing to do, in my opinion, is to check your credit regularly yourself. The actual site is annualcreditreport dot com; NOT freecreditreport (like the dumb commercials). You can check all 3 bureaus, and you can opt out of all the subscription crap. If there's something wrong, they show you how to start to fix it. But be patient; it's not going to get fixed overnight.
But the most important thing: DON'T put yourself in a position to ever need "emergency" credit! Any successful businessman will tell you that they never rely on credit. Young inexperienced, impatient business people will go get all kinds of loans and credit cards so as to look wealthy. Not a good start, and you'll get caught with your pants down if your credit gets ruined, and you need it suddenly. Have enough $$$ on hand, that if you do get hit with credit fraud, you can pay all your bills and pay off any credit card balances that get skyroceted interest due to the fraud, then fix the problem patiently before using your credit again.
If everybody thought this way, there would be no economy catastrophe, and nobody would be in foreclosure!
Charles
But the most important thing: DON'T put yourself in a position to ever need "emergency" credit! Any successful businessman will tell you that they never rely on credit. Young inexperienced, impatient business people will go get all kinds of loans and credit cards so as to look wealthy. Not a good start, and you'll get caught with your pants down if your credit gets ruined, and you need it suddenly. Have enough $$$ on hand, that if you do get hit with credit fraud, you can pay all your bills and pay off any credit card balances that get skyroceted interest due to the fraud, then fix the problem patiently before using your credit again.
If everybody thought this way, there would be no economy catastrophe, and nobody would be in foreclosure!
Charles
beast1130
New member
exactly..
I do actually use one - I get notified anytime something hits my report from the 3 major bureau's. I have found it definitely useful - even just from moving the address changes and I get an email.... I need to find the site for you but the notification goes to my work email which I don't access from home.
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