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Is Credit Karma Enough to Monitor your Credit?


Photo by rawpixel on Unsplash/By: My Financial Resources Center L.L.C.

Credit Karma, Lending Tree, Mint, Credit Sesame even AnnualCreditReport.com all websites provide credit information for consumers. Yes, we have constantly heard about these companies over on Spotify or TV commercials, but are they actually enough to monitor your credit?

                          
In reality, neither are enough for you to monitor your credit on a monthly basis. See websites such as Credit Karma only provides Equifax and TransUnion. Other sites only provide 1 credit bureau and AnnualCreditReport.com gives you all 3 once a year with no information on your credit scores. Not only this, but the information provided from some of these sites have poor or little information to your accounts. If you were to dispute any negative information to the credit bureaus you wouldn't be able to provide them your account number by using Credit Karma for an example, and online disputing is not as effective than sending a letter via mail to the credit bureaus.


What is the solution?


The solution is to have a credit monitoring service like Identity IQ. Credit monitoring services such as this one would provide you with more information to your accounts, including all 3 credit reports and credit scores. Another benefit is that you get it every month for about $20 bucks! It is very essential to have your credit information monitored, because of frequent breaches like recently FaceBook and the credit bureaus themselves (Equifax, 2017). Worst case scenario you would be denied due too poor credit without even knowing why for the rest of your lives. Identity IQ also provides identity theft protection. To sign up now visit: www.identityiq.com.

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