(PRWEB) July 31, 2011
As employers, landlords and lenders rely more heavily on credit reports when deciding whether to make a job offer, rent an apartment, or extend credit, consumers are recognizing the importance of accurate credit report information. However, many people are in the dark about what to do if erroneous information appears on their credit report. Enter WhatCreditMonitoring.com, a new website aimed at educating consumers about their credit report and providing them with ways to resolve credit report problems.
“We created WhatCreditMonitoring.com as a hub of information that consumers can easily access when they have questions about credit reports and monitoring credit reports,” says Daniel Stillman, creator of WhatCreditMonitoring.com.
WhatCreditMonitoring.com covers five main areas of credit reporting: Credit Reports, Credit Bureaus, Credit History, Credit Scores and Credit Monitoring. Each section provides in-depth, consumer-driven information. For example, the Credit Score section explains what a credit score is, how credit scores are interpreted and how credit scores are calculated.
“The information on WhatCreditMonitoring.com answers the basic questions people have about their credit reports and whether credit monitoring is right for them,” explains Stillman. “There is so much information to sift through on the Internet about credit reporting that it becomes too time consuming to find the answers you are looking for. WhatCreditMonitoring.com addresses the typical issues for which people are seeking additional information in a straightforward and easy to understand fashion.”
With identity theft a contributing factor to credit report inaccuracies, WhatCreditMonitoring.com provides an Identity Theft Introduction that defines identity theft, outlines the types of identity theft, explains how credit scores can be impacted by identity theft and presents ways to prevent identity theft. “Identity theft is a leading credit report problem that negatively impacts credit scores. The intent of WhatCreditMonitoring.com is to make people aware of credit report problems so they can take steps to prevent it,” notes Stillman.
While victims of identity theft typically use a credit monitoring service to keep an eye on their credit reports for any additional fraudulent activity, WhatCreditMonitoring.com also points out the benefits of credit monitoring as an identity theft deterrent. The site compares the differences between single and three bureau monitoring services and provides guidance on things to consider when choosing a credit monitoring service.
Other topics addressed on WhatCreditMonitoring.com include debt collection agencies and their regulation, how to obtain your free annual credit report, and how to read or dispute a credit report.
WhatCreditMonitoring.com is a consumer-oriented website that presents educational and informative information about credit reports and credit monitoring services. Its goal is to help consumers be more proactive in protecting their credit reports.