Credit Monitoring Services - How Useful Are They?

Having previously written about some steps you can take yourself to help protect your credit and identity, I came across an excellent article on KrebsOnSecurity discussing the value of credit monitoring services - what do you get, and are they worth it? While they can be helpful and give some peace of mind, they are apparently not a panacea you may think.
The biggest takeaway for me has been that although these services may alert you when someone opens or attempts to open a new line of credit in your name, most will do little — if anything — to block that activity. My take: If you’re being offered free monitoring, it probably can’t hurt to sign up, but you shouldn’t expect the service to stop identity thieves from ruining your credit.

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