Why Credit Monitoring is Important to You

Why Credit Monitoring is Important to You Credit monitoring may not be something that you think about a lot, but the fact is that your credit score is one of the single most important factors that contributes to your financial health and stability. A... More

Why Credit Monitoring is Important to You Credit monitoring may not be something that you think about a lot, but the fact is that your credit score is one of the single most important factors that contributes to your financial health and stability. A credit score is important even if you don’t like to borrow money and don’t plan on taking out debt, so everyone – young and old – needs to be aware of their credit score and needs to take steps to ensure that their credit score is not damaged. Credit Monitoring is Important for Borrowing Money Obviously, one of the biggest uses of your credit score is in determining if you are credit worthy enough to borrow money. Any time you want to take on any kind of debt, your credit score is going to be checked. This is true even if you already have a credit card and you want to increase the maximum amount of money that you can borrow. When a lender considers giving you a car loan, a mortgage, a personal loan or a credit card, you are going to h Less