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So much of our lives take place online, including things like paying bills, shopping, getting paid, and even sending a friend money for your half of the lunch bill. With so much transfer of sensitive financial information online, it makes sense to be a little wary of what’s happening to your data and what it could mean for your finances.
Your credit score is the most common aspect of your financial life that can be hurt by malicious activity online. This critical number is calculated based on several factors, including how much of your total credit limit you’ve used, your payment history, and the age of your credit accounts. The score helps lenders determine whether or not to lend to you and influences the interest rate you pay on a loan. The higher your score, the better off you’ll be, so it’s essential to keep an eye on your credit. The last thing you want is to find out that your credit has taken a hit because of stolen financial information when you’re applying for something like a home loan.
That’s where credit monitoring comes in.
What Is Credit Monitoring?
Several well-known, trusted companies offer credit...
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