What is credit monitoring and does it protect you from fraud?

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Credit monitoring services boast the ability to safeguard your credit, but do they really? Here's what credit monitoring does and doesn't do.

, such as your social security number, email address and passwords

When you sign up for credit monitoring, you'll receive alerts and resources to help you identify and protect against possible theft, but these services can't actually guarantee fraud prevention. At best, they keep you instantly informed so you can take action as you notice something is off.

Keep in mind, just because a service requires you to pay doesn't necessarily mean it's better. To determine the best service for your needs, review a variety of options to see what is and what isn't offered.offers two credit monitoring services: CreditWorks℠ Basic and CreditWorks℠ Premium. The Basic plan is free to use, while Premium currently costs $4.99 for the first month then $24.99 per month.

 

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