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Credit Monitoring Service

Credit Theft Protection and Monitoring

In today’s digital world, it can be hard to keep your identity protected. From financial fraud to full-on identity theft, there are plenty of opportunities for lawbreakers to put a serious kink in your future plans. That’s why we’ve partnered with CyberScout, the industry leader in identity and data defense, to bring you credit monitoring services. This service helps you prevent and recover from the unexpected — so you can focus on what matters most.

What is Credit Monitoring?

Credit monitoring is offered by many information security companies and usually consists of hawk-like surveillance of your credit reports. A credit monitoring service will usually alert you when a new credit account is opened in your name, when an account is updated or is changed, and when a company such as a financial lender or credit card institution pulls a hard inquiry on your credit.

While credit monitoring can help customers fight ongoing identity theft, it can’t prevent it. To help avoid identity theft, practice these principles in your daily life..

How Does Credit Monitoring Work?

Identity thieves have many ways of taking advantage of your good name — all it takes is a few key pieces of your data. That’s why credit monitoring is so important.

Credit monitoring from CyberScout is a comprehensive identity protection and management service that alerts you to changes with your credit, personal or financial information. You’ll get:

  • Credit monitoring through web-based services that scour millions of identity records. Should something concerning pop up, they’ll send you a credit monitoring alert immediately.
  • Easy access to a web portal to view reports and quickly spot fraud.
  • Access to a CyberScout specialist for guidance on alerts received.

Should I Sign Up For Credit Monitoring?

Those least likely to have the service, such as children, college students and senior citizens, are more susceptible to identity theft. While everyone can stand to benefit from credit monitoring, those above and their families stand to take on more emotional, financial and overall damage if identity theft occurs.

If you’re still unsure if it’s for you, consider the current technological environment — we’re sharing more information online than ever, and the chances that someone may have access to your data has vastly increased in the last few years.

What Does Credit Monitoring Cost?

American Family offers two different plan options for credit monitoring.

Silver plan. At $40 per year (per person) the silver plan allows you to stay up-to-date with daily monitoring of your personal records, including email alerts for any changes and an annual credit report and score from Experian.

Gold plan. At $70 per year (per person) the gold plan expands your monitoring services to three credit bureaus — TransUnion, Experian and Equifax. Daily monitoring from these three bureaus helps you make more informed financial decisions. It’ll also help you detect any suspicious activity of your personal records by sending email alerts for changes that may appear on your credit reports and to your credit score.

Have Questions About Credit Monitoring?

A CyberScout representative will be happy to help you select the plan that best fits your needs. Call 877-432-7463 to learn more and add this service alongside your current ID Fraud Expense coverage.

Want even more protection? Our identity fraud expense coverage is another great way to safeguard what matters most. It’ll help cover high costs related to restoring your identity — such as legal fees, loan re-application fees, notary expenses and lost wages — should the unexpected happen. Connect with your American Family Insurance agent today to learn more and get the peace of mind you deserve.