Identity theft is a serious crime, and its occurrence turns thousands of people into victims each year. In order to combat this type of crime, companies have worked hard to create services that will offer users protection against this type of crime, working in order to ensure that each of these services can provide around the clock monitoring services to clients and their information, which can help to notify users that their accounts or information may have been compromised. Each of these types of identity protection offer something different to users, but one of the most beneficial is credit monitoring because it monitors credit file data and presents users with a cohesive and comprehensive look at the status of all of their credit history.
You don't have to log into individual accounts to check their status. Sure, you'll still have to log in in order to pay bills, transfer funds or even make purchases, but the reports sent back to users by credit monitoring services offer information about credit data in one condensed file; the information can be perused at the user's leisure, but it's all right there in front of them. The reports will contain a variety of information pertaining to balances, transactions, account status, payments, debts, use of the accounts, and even give updated information about applications for credit and large changes within the accounts. While you can get this information at no cost once a year from each agency, a lot can happen in a year, so having more frequent updates not only keeps you informed, but helps you protect your information by providing notifications when certain activity is detected.
All monitoring, when it's most important. These services keep an eye on your credit file activity every business day, and are programmed to take note of specific activities that could indicate identity theft or fraud. Once one or more of these are detected, you receive a prompt alert - giving you a chance to do something about these transactions or changes... which is especially convenient in the case of actual identity theft. The longer that the thieves have access to account information, the more damage they can do... which means more of a mess for you to clean up.
The reports can be kept and filed in order to provide reference points and timelines. If you actually are unlucky enough to become a victim of identity theft, these reports may be enough to provide proof that a breach took place- and give you the opportunity to go back and look through your accounts in order to find a likely beginning. This information can be helpful when it comes to letting banks and credit card companies know exactly when the unauthorized transactions occurred, which will make it easier to fight the charges because they can be pinpointed. Unlike a yearly credit report, these reports are mailed in a timely manner, meaning that your updates will be received within a manageable amount of time - and you'll have a better idea where you stand, how secure your information truly is, and whether or not you've been victimized.