A credit monitoring service will monitor your reports for you and will alert you whenever new credit card accounts or loans show up on them.
Yes, Credit Monitoring services helps you in manage and track your financial history.
The easiest way to check your credit is by requesting a copy of the Experian report from AnnualCreditReport.com every year and then monitoring it yourself for any changes!
Three-bureau credit monitoring alerts you of changes on credit reports from all three credit bureaus — Experian, Equifax and TransUnion.
Credit monitoring will not affect your credit scores because you won't incur hard inquiries. When you access your own credit report, it's considered a soft inquiry which doesn't lower your credit score as it's not a scoring factor.