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Saturday, December 4th
ID Shield offers Canada's most comprehensive credit monitoring services for both individuals and families. You'll get lightning-fast alerts when suspicious activity is detected, not just with your financial accounts but also with your Personally Identifiable Information online (including the dark web). An "A+" from the BBB and plenty of praise from loyal customers are strong indicators that you're in good hands when choosing ID Shield to protect your credit. This company earns our highest recommendation among paid credit monitoring services in Canada.
Credit Karma was one of the earliest "free credit scores" companies in the industry, and the service has more than 60 million users in North America. When you create your free account, you'll get weekly updates to your TransUnion credit score and report, as well as financial education and product offers. But, Credit Karma isn't available in all provinces, and this site's offerings fall short when compared with rival no-fee credit monitoring services designed specifically for Canadians.
You might remember the days when you had to pay $20 every time you wanted to access your credit score. Not anymore! These days, most banks give you free access to your score just for having an account. There are also several free services that provide your credit score on a weekly or monthly basis.
But, what if you want to keep a closer eye on your finances? Or you want alerts if any suspicious activity is detected on one of your accounts? You're smart to think that way: according to the Canadian Anti-Fraud Centre (CAFC), approximately 27,000 Canadians experience identity theft every year, but only 29% of people they surveyed actually check their credit reports regularly as a means of protecting their personal information.
That's where credit monitoring services come in. You have several options to choose from, ranging from those free services mentioned earlier to monthly subscriptions that go much more in-depth to monitor your accounts, alert you if anything unusual comes up, and may even help you recover if you become a victim of identity theft.
Which Canadian credit monitoring provider is right for you? That depends on what you're looking for, and here are several criteria to keep in mind that can help you decide:
TopConsumerReviews.com has reviewed and ranked the best credit monitoring services for Canadians. We hope this information helps you understand your credit score, keep track of your credit usage, and continue to establish healthy credit habits well into the future.
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