Does having a credit monitoring service submit credit scores to you twice a month ding your credit?

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September 7th, 2011 - Posted by Tasha

Q:  Does having a credit monitoring service submit credit scores to you twice a month ding your credit? Also, I want my credit scores from all 3 credit bureaus; how easy is it to cancel after I get them?

A: When you sign up for a credit monitoring service, having them check your credit reports and scores will NOT hurt your credit score. This is because you can check your own credit report and scores as many times as you want without having it affect your credit scores. When you subscribe to a credit monitoring service you authorize them to act on your behalf to monitor your credit reports, so they can check your credit reports and scores too. Ultimately, the credit monitoring service you sign up for can provide you with as many credit reports and/or scores a month without harming your credit score in any way.

If you'd like a credit monitoring service that provides monthly updates to your 3-bureau credit scores, we recommend PrivacyGuard.  At just $14.99 per month it's a great deal, as paying for your reports and scores separately will cost you $50 elsewhere. Right now PrivacyGuard is even featuring a $1 30-day trial, during which time you'll get your 3-bureau reports and scores. If you find the service isn't for you, you can call them to cancel within the trial period and only pay the $1 price.