How to Monitor Credit

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From Quick Guide: Credit Application Basics

Summary: An important part of monitoring credit is asking credit bureaus to put a fraud alert on a credit report to keep someone from stealing a social security number and the credit history associated with it. Sign up with an online credit monitoring service to get monthly e-mails in order monitor a credit report with the tips in this free video on personal finance from a licensed mortgage broker.

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By Adriel Torres
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Adriel Torres has been in the mortgage business for over a decade. He has owned two mortgage companies and is a licensed mortgage broker. Torres has been doing credit repair since...read more

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Video Transcript

"Hi, so you're wondering how to monitor your credit or how to get it done or what services to use. No problem, I'll be able to help you there. My name is Adriel Torres, I'm the owner of ultimatecredittoday.com. Now since the rise of debt effect lately has been everly increasing, the first thing you want to do is protect yourself on your credit report. And what I mean by that is write to the credit bureaus to TransUnion, Equifax and Experian and have them put a fraud alert on your credit report so if someone steals your credit or your social security number they cannot obtain credit. The lender or credit company or credit card has to call you first to verify the information in order to obviously lend. So if someone has stolen your social security number, there's nothing they can do with it to obtain new credit. Second thing your want to do is you want to do a credit monitoring service and there are plenty online, TransUnion, Equifax and Experian all three have their own unique, there may be a price difference so they all do about the same. You get monthly e-mails that things have changed, there's a new inquiry, whatever it may be, you are always protected because you always know what's going on with your credit report. So that's what you need to do as far as monitoring your credit. Again, my name's Adriel Torres and I'm the owner of ultimatecredittoday.com. Thank you very much."

eHow Article: How to Monitor Credit

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