Credit Monitoring

[maat55]

I recently was signed up for credit monitoring through Chase(my CC account). They monitor, give alerts and repair if needed for 7.99 or 8.99(can't remember) per month. It monitors both I and my wifes credit.

Anyone here have this or knowledge of it?

[Broken Arrow]

Seems fishy to me.

There are legitimate services out there that will give you your credit score and detailed credit report, but none I know of will actually "repair your credit".

Please correct me if I'm wrong here.

But seriously, how can they? Perhaps they can call on your behalf to negotiate a settlement or send a letter debating a charge, but they can't do so without your express permission anyway, and truth is, that's something you can do yourself....

Perhaps that's what you mean by, "repair"?

What I do know is this: There are also scams out there that claim they can help repair your credit for monthly payments, but obviously they can't.

Say, can you please provide a link to the company that is making this claim? Also, it may be worth checking them through the BBB.

Whoever they are, I would definitely approach with caution, and not sign on until they are thoroughly checked-out.

[maat55]

Originally Posted by Broken Arrow

Seems fishy to me.

There are legitimate services out there that will give you your credit score and detailed credit report, but none I know of will actually "repair your credit".

Please correct me if I'm wrong here.

But seriously, how can they? Perhaps they can call on your behalf to negotiate a settlement or send a letter debating a charge, but they can't do so without your express permission anyway, and truth is, that's something you can do yourself....

Perhaps that's what you mean by, "repair"?

What I do know is this: There are also scams out there that claim they can help repair your credit for monthly payments, but obviously they can't.

Say, can you please provide a link to the company that is making this claim? Also, it may be worth checking them through the BBB.

Whoever they are, I would definitely approach with caution, and not sign on until they are thoroughly checked-out.

When i say repair, that means they will do the foot work to clean up the ID theft.

I'm waiting for the contract to arrive for my approval.

I'm not certain if they have different types of monitoring so I will post an site once I recieve the contract.

[disneysteve]

Why are you doing this? Have you been the victim of identity theft? $8 or $9 per month is a lot of money for a service that you most likely don't need and will never actually use. I think these companies play on fear by making people think they must have this in order to protect their credit.

[wincrasher]

I subscribe to one of these services. I can get my full credit report and score at any time as well as I get an email alert for anything that is posted to my credit report.

It may be squandered money, but it's alot of peace of mind. You can contest anything online easily. It's also interesting to see the inquiries that are made.

[maat55]

Originally Posted by disneysteve

Why are you doing this? Have you been the victim of identity theft? $8 or $9 per month is a lot of money for a service that you most likely don't need and will never actually use. I think these companies play on fear by making people think they must have this in order to protect their credit.

Only one small occurance that was checking account related. But ID theft is a growing problem and the money is worth the service, IMO. It may be a luxury, but I can live with it.

[amarowsky]

Originally Posted by maat55

I recently was signed up for credit monitoring through Chase(my CC account). They monitor, give alerts and repair if needed for 7.99 or 8.99(can't remember) per month. It monitors both I and my wifes credit.

Anyone here have this or knowledge of it?

Is the actual credit monitoring company chase? Or is there a company that they sub-contract though to monitor your credit for you?

[maat55]

Originally Posted by amarowsky

Is the actual credit monitoring company chase? Or is there a company that they sub-contract though to monitor your credit for you?

I'm waiting for my contract(which is not time sensative) to arive to get a better look at it. But it seems fairly standard compared to the ones i here advertised, example: Lifelock.

[nataliya]

Credit monitoring is a part of the majority of all credit report and creditscore services. But credit repair isn't.