A credit monitoring service is a system that monitors a consumer's credit reports for signs of possible fraud.
 | | Credit Monitoring Service | | A credit monitoring service tracks changes in borrower behavior to notify consumers of potential fraud as well as changes to their creditworthiness. For example, credit monitoring services can guard against identity theft, when an individual's personal information is stolen and used without the person's permission for nefarious purposes. If a credit card is stolen and used, a credit monitoring service should detect the different buying pattern and alert the credit card account holder. | | Read More » | | Related to "Credit Monitoring Service" | | | | Identity Theft | | Identity theft is the crime of obtaining the personal or financial information of another person for the sole purpose of assuming that person's name or identity in order to make transactions or purchases. | | Read More » | | | Credit Report | | A credit report is a detailed breakdown of an individual's credit history, provided by one of the three major credit bureaus. | | Read More » | | | Credit Score | | A credit score is a number ranging from 300-850 that depicts a consumer's creditworthiness. The higher the credit score, the more attractive the borrower. | | Read More » | | | | | | CONNECT WITH INVESTOPEDIA | | | | | | | |
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