Credit monitoring is one of the best ways to stay on top of your finances and check for inconsistencies. However, it can feel like a full-time job trying to actively check your credit. If you don’t have the time or skill to perform your own credit monitoring, you have other options to explore.
A variety of credit monitoring services is available from several third-party companies. These services may be free or available through a subscription plan.
Free credit monitoring is offered by many banks throughout the U.S. Some credit card companies may also have credit monitoring services you can use to stay on top of your credit activity.
If your bank does not offer credit monitoring services or you are interested in another service, there are several highly rated agencies with solid track records.
LifeLock plans are some of the most popular identity theft protection plans on the market. The company was founded in 2005 and has since helped millions of consumers protect their information.
When you install this identity theft protection service, it runs scans to detect potential threats and notifies you if it finds something suspicious. It blocks hackers from accessing your sensitive information, reducing your chances of becoming a victim of identity theft. And, if you do become a victim, LifeLock will reimburse you for any money lost up to the limit of the plan you choose.
LifeLock cost options vary depending on the plan you choose. The prices range between $8.29 and $29.99 per month with annual pricing options available. The most expensive LifeLock plan, Ultimate Plus, will reimburse up to $1 million in stolen funds.
Experian IdentityWorks is another one of the best credit monitoring services on the market. Like LifeLock plans, Experian’s plans operate 24/7 and will notify you of any fraudulent activity on your account.
This is one of the best identity theft protection services for those who want to test the waters with credit monitoring services. It offers a free 30-day trial and charges a bit less than LifeLock. Plans range between $9.99 and $19.99 per month depending on the number of individuals who seek protection. For example, the lowest-price plan covers one adult, while the highest-priced plan covers two adults and up to 10 children.
Like LifeLock, Experian IdentityWorks will also reimburse you for money stolen through an identity theft scheme. The highest plan offers up to $1 million in coverage for anyone who loses money to identity thieves.