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Tuesday, February 7th
Free credit scores and daily monitoring? You can have both with Mogo. This is the only free credit monitoring service in Canada that updates your monthly Equifax score and checks daily for any hard inquiries on your credit report. The app teaches you how to improve your financial health, and even rewards you for building good money habits. This is a fantastic way to get fairly robust credit monitoring without paying a dime.
Identity Guard is a reliable company that offers comprehensive credit monitoring and identity theft protection services. They have three levels of coverage, so that you only pay for the features you really want. The company gets high marks from customers and from the BBB. The downside? The site is focused almost entirely on American consumers, and you may have trouble accessing Identity Guard's services 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.
Select any 2 Canadian Credit Monitoring Companies to compare them head to head
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