Credit scores are made up of calculations based on data in your credit reports and, and the numbers are constantly changing, sometimes more than once per day. That's why it's so important to stay on top of your credit reports for changes that could affect your credit scores. Other than pulling your credit report on a daily basis, credit monitoring is the best way to know what's happening in your credit report.

Credit monitoring services are offered through all of the big three credit bureaus. Each agency offers their own version of monitoring, but the features are somewhat similar. Generally you’ll be able to view your credit report and be notified of any alerts or changes that may affect your score. Credit monitoring also provides you with real-time access to pull new reports at no charge. Some versions will allow you periodic updates, but offer upgrades to see live reports at your request.

Staying on top of your credit score is hugely important if you’re in the process of repairing or improving your credit. Knowing where you stand is priceless.