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Are any of the credit monitoring services actually useful? After the Experian debacle my credit card company began offering complementary credit security repor
by whoopdedo 7y ago
Are any of the credit monitoring services actually useful?
After the Experian debacle my credit card company began offering complementary credit security reports. Recently I opened a new card and throughout the process kept an eye out for security alerts. Nothing. Not a blip about anyone pulling my credit history or a notification that a new account had been created using my SSN. Maybe because this is the free tier it isn't as thorough in checking as it could be. But doesn't that make it a worse option than not having credit monitoring?
- thrower123 7y agoThere's a service called IDNotify that I have through TurboTax somehow - I believe they gave it away with the tier I needed to file my business expenses and income. It does send me alerts every time my email shows up in a dump from some hacked service, which is a nice bonus, over and above what the likes of CreditKarma do.
- Frost1x 7y agoI have the same service for free (don't recall why). One pet peeve I've had is that my email address for a third party account was "leaked" (hotel chain I believe) and IDNotify doesn't list enough detail (e.g., listed password) when they get a hit to let me know if somehow my actual account was compromised, so I have to scramble to the provider and verify all account accesses were legitimate. I presume these listings get recycled multiple times and resold to inflate the value of something not so valuable wherever IDNotify is finding these listings, so since people operating in those circles want to make their information look more valuable, IDNotify falls for it. Then, I'm left guessing if my account was actually compromised and basically just cycling my password regularly, making that aspect of their service virtually useless.