

What is credit monitoring?
Credit monitoring is a service that tracks your credit file and alerts you about any sudden changes or suspicious activity. You will get an alert when a new account is opened in your name, your credit score changes, or a lender or company makes a hard inquiry. It allows you to take immediate action in case someone else is using your identity.Why monitor credit with NordProtect?
Credit monitoring is a great way to protect yourself from identity theft.
Early detection
You will be alerted about unusual changes in your credit file, allowing you to act fast to help prevent fraud.Regular updates
By knowing your credit score and monitoring its progress, you can make sure it’s always where you want it.Peace of mind
Knowing that someone is watching your back, or rather, credit health, reduces anxiety.Credit file alerts
You’re regularly notified about new accounts, credit inquiries, or late payments, so you can act quickly to help prevent fraud.Identity theft protection
NordProtect offers identity theft protection, which can help you recover your stolen identity and prevent future misuse.
How does NordProtect credit monitoring work?
When you start using NordProtect, you’ll need to add the relevant personal information and complete identity verification and authentication. We need that information to enroll you in credit monitoring services. Once that’s done, you’ll receive warnings to keep you informed about activity that may indicate the risk of fraud or identity theft.
You will also get detailed information about your credit file every month, including a VantageScore® 3.0 credit score with insights into factors that may be affecting it, helping you to take action to change it, prevent fraud, or even stop someone from trying to steal your identity.
Finally, if something happens, NordProtect will direct you to the TransUnion® website, where you can freeze your credit file through the TransUnion® Credit Freeze assistance guidelines.
What services are included in credit monitoring?
NordProtect offers multiple services as part of the credit monitoring feature:FAQ
How often should I check my credit score?
What’s the difference between a credit report and a credit summary?
A credit report contains a comprehensive history of your credit activity, including personal information, payment history, credit accounts, inquiries, public records (like bankruptcies), and outstanding debts. It gives a full picture of your financial behavior over different periods of time.
A credit summary is a condensed version of the credit report. It highlights the main information, like your total number of accounts, current balances, and credit score without including the minutiae of each account.
What factors can impact my credit score?
Your financial activity may have an impact on your credit score. How and when you pay your bills and debts matters a lot, as well as the way you manage your credit cards. Maintaining a longer credit history and responsibly handling your finances and credit types may also have an impact on your credit score.
If your credit score suddenly plummets, it may be a sign of identity theft — make sure to investigate further.
Which details in my credit file may indicate fraud?
There are many details in your credit file that may indicate fraud. Look for accounts you didn't open, incorrect personal information like unfamiliar addresses or phone numbers, and credit inquiries from companies you have no dealings with. You should also look for unexpected changes in account balances, delinquencies or missed payments on accounts you don’t recognize, and any accounts sent to collections without your knowledge. You should also be alarmed by any public records like bankruptcies or legal judgments that you were not involved in.
These discrepancies might mean that someone has stolen your identity. If you notice any of these signs, investigate further and consider placing a fraud alert or credit freeze on your report to protect yourself.