Most people might think the time to start monitoring their credit is after they have established a family and are beginning to think about making major purchases like a home or automobile. However, credit score monitoring for college students is just as important, if not more so, than for older people who are more upwardly mobile. Credit score monitoring from Equifax is one of the best ways for college students to stay on the right track and establish good credit history.
Why Do You Need To Monitor Your Credit?
In today’s world of technology, there are many reasons why credit monitoring is so important not just for college students but for anyone.
- With identity theft becoming one of the fastest growing crimes in the nation, college students who monitor their credit are less likely to be impacted as greatly by an identity thief. Any suspicious activity is noticed almost immediately, and the appropriate steps can be taken to repair the damage done.
- Credit monitoring offers college students to keep track of their finances and take responsibility for their future ability to be granted credit.
- Taking advantage of credit score monitoring from Equifax allows college students to directly see how their financial history affects their credit. Late or missed payments have a negative effect, while on-time payments boost credit scores.
- Having a complete picture of their finances helps college students to make changes that will improve their credit score.
Why Choose Equifax?
Equifax offers a variety of credit monitoring products that will help people take control of their credit and set goals toward improving their overall score. Several of their products offer a privacy monitoring tool as well, which lets people know what type of information can be found about them on the Internet. In a world where everyone relies on technology, knowing what is and is not secure information can be a boon to anyone. In addition, credit score monitoring products from Equifax also give college students the opportunity to receive copies of all three reports from the major credit reporting agencies, as well as unlimited access to their Equifax report.
Another benefit to the Equifax line of credit monitoring products is the ability for college students to place an alert on their file that will request companies or businesses to ask for additional identification. This is especially important for college students where social security numbers are often used as identification numbers and might be easily accessed by cyber criminals.
Is Credit Score Monitoring Really That Important?
The short answer to this question is a resounding “Yes!” Being able to access their credit score and take control of their finances is a must for anyone who has either been extended credit or hopes to be in the future. The ability to purchase an automobile or home depends on credit scores, and credit monitoring gives the user the ability to be aware of how their financial habits can help secure a good financial future. College students who choose the credit monitoring products offered by Equifax can be assured that they are on the right track at all times.