Credit Watch is a credit monitoring product sold by Equifax, one of the three major credit bureaus. Credit Watch is a paid subscription service that can be used to detect identity theft.
Features
Credit Watch monitors your Equifax, Experian, and TransUnion credit reports and sends either email or text alerts whenever there are changes to your credit reports.
Benefits
Credit Watch places automatic fraud alerts on your credit report every 90 days. The service comes with up to $25,000 identity theft insurance to help offset the costs of dealing with identity theft.
Considerations
Since Credit Watch is a subscription service, you'll be charged $12.95 each month you have the service. You'll need a credit card to enroll in the service.
Insight
Credit Watch gives a summary snapshot of your credit report to give you insight into how lenders view your credit report. The snapshot shows a chart of your debt and summarizes how much of your available credit is being used.
Function
You can use Credit Watch as an alternative to ordering your annual free credit reports and contacting the credit bureaus individually to place free fraud alerts on your credit report.
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