How Credit Monitoring Works


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Author's Note: How Credit Monitoring Works

I consider myself an intelligent person. I graduated from college, I'm gainfully employed and I've published articles on dozens of subjects, including personal finance. Yet I am still baffled by the world of credit scores and credit reports. Heck, I even wrote the article How Credit Reporting Agencies Work, but I still can't tell you exactly how the "Big Three" credit reporting companies come up with their magic numbers or why they have a vice grip on our very personal — and valuable — credit information. Experian and others have shown some shaky ethics in upselling unsuspecting consumers on credit monitoring. I hope that the FTC keeps the pressure on these companies to prevent further confusion about credit reporting, credit monitoring and the exaggerated specter of identity theft.

Related Articles

Sources

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