Definition:
Credit monitoring services are services provided by banks, credit companies, credit reporting agencies, and third-party companies, that monitor your credit reports for changes that could indicate identity theft.
The exact monitoring offered by credit monitoring services ranges from changes to your personal information, such as address and employers, to changes in your credit history, such as credit inquiries and opened, closed, or changed credit accounts.
The fees for credit monitoring services vary according to the company offering the services. Some services include more features than others, and some services offer additional features for additional charges.
Also Known As: Credit Monitoring, Identity Theft Protection