Credit Monitoring acts as both personal assistant and watchdog when it comes to your credit. More Credit Solutions Credit Monitoring Service gives you a frequent access to your credit history, so you can check your credit report as often as you like. It watches your credit reports and alerts you whenever there are any changes to any of your accounts, such as new accounts being opened in your name, a credit card balance increase or negative information like a late payment reported by one of your creditors. This helps you stay on track with maintaining a healthy credit score.
What Do You Get with Credit Monitoring?
Stay On Top of your Credit
With access to credit monitoring, you can stay informed of any changes with an updated report every 30 days.
Monitor your Spending
You'll be notified when your spending increases or decreases and when your credit utilization ration changes.
Get customized alerts about new inquiries and accounts, changes in personal information and suspicious activity detected on your More Credit Solutions report.
Review and correct inaccuracies on your More Credit Solutions Credit Report for free.
Credit Score Tracking
With an interactive FICO Score Tracker, you can visualize your progress over time and get alerted about changes to your score or credit rating
Raise Your FICO Score Instantly
Add positive payments to you More Credit Solutions credit file. Missed payments will not affect your boosted score.
What is a Credit Report?
A credit report is a record of your history managing and paying debt. It works as a kind of report card lenders and other companies view when deciding to do business with you.
Included in your credit report is a historical record of how and when you pay your bills, how much debt you have and how long you have been managing credit accounts.
Lenders and other companies may use your credit report to learn more about your previous borrowing experience, which helps them make decisions about granting your credit. Credit reports are also used to calculate your credit scores, verify your identity and for other purposes within certain limits defined under federal law.
Does your Income Appear on your Credit Reports?
Income is not part of your credit report. And while lenders often factor your income into their lending decisions, they'll typically get that information directly from you during the credit application process. Because it is not part of your credit report, income is not considered by credit scoring systems that use only your credit history.
More specifically, your credit report includes:
Personal Information Accounts Inquiries Public Records
Is it Possible Not to Have a Credit Report?
If you have no credit accounts or have opened an account or accounts with lenders that do not report the payment status to a credit reporting company, you will not have a credit report.
Because information is deleted over time, it is also possible to have an existing credit report removed from More Credit Solution's credit reporting system. This most commonly happens when a person moves out of the country.
Credits accounts that have been closed or inactive for a number of years are eventually deleted from a person's credit file. When there are no longer any accounts associated with someone, there is no longer a credit report.