How to Fix Your Credit After COVID


How to Fix Your Credit After COVID

How-to-Fix-Your-Credit-After-COVIDThere’s no doubt that the COVID-19 pandemic has done a number on personal finances. In fact, 10% of Americans feel like they’ll never recover from the financial damage.

The good news is that most consumers have the ability to improve their credit rating, replenish their savings, and more. Even if it doesn’t seem like it right now, over the long term there are strategies and credit monitoring services that you can use to improve your situation.

Let’s take a look at how to get back on your feet after the financial impact of COVID.

Assess Where You Are Now

Sometimes the stress of a crisis, combined with the money we lose, makes it hard to take a realistic look at where we are now. We might mourn the fact that our savings aren’t where they once were, or that our retirement account has been lessened.

However, the first step to getting back on track is understanding where things stand now. You might find that the truth isn’t as dire as you expected!

Try to set aside your previous expectations of what your future would hold so that you can understand your position today and create a new plan for the future.

Reduce Debt

Many people struggled with job loss, lower income, or reduced hours during the two years we’ve been dealing with COVID. That means you might have racked up additional credit debt to make ends meet.

As the economy and job situation stabilizes, it’s time to start reducing your reliance on credit and creating a plan to pay down your debt. Set aside the emotions of this difficult time and focus on creating a logical, clear plan that you can follow.

As you reduce your debt, invest in a credit monitoring service that can help you keep an eye on your credit as you rebuild your finances.

Trim Waste From Your Budget

A lot of us bought things, subscribed to things, and invested in new hobbies to get us through the pandemic. There’s nothing wrong with finding coping mechanisms in a crisis, but it’s important to know when to pull back. 

Now that you’re focused on getting your finances back on track, it’s time to look through your current subscriptions and expenses to see what you can get rid of. Can you shop around to get a better cell phone plan, eliminate a gym membership, or find a less expensive streaming service?

Many people are surprised at how many ways there are to save money in their budget. These changes will help you stay on track not just now, but over the long term as well. You can take the savings and put them toward your debt, which will help you fix your credit.

Replenish Your Emergency Fund

Once you have your immediate spending under control, it’s time to replenish your emergency fund. Many Americans used this money to get them through a period of job loss, fewer hours, and other economic problems.

Now that things are more stable, it’s time to start saving again. How does this impact your credit? An emergency fund allows you to handle unexpected expenses without having to go back to your credit card, so you can continue to build up your credit score.

Get Your Credit in Check

The COVID-19 crisis has lasted much longer than anyone expected. That means the economic impact has been worse as well. However, don’t give up hope — there’s a lot you can do to improve your credit.

Credit monitoring services can make a big difference as you get back on your feet. Learn more about IdentityIQ and sign up today!




What to Look For in the Best Credit Monitoring Services

The Best Credit Monitoring Services

What to Look For in the Best Credit Monitoring Services

The Best Credit Monitoring Services

In 2020, there were over 1.3 million identity theft reports made to the FTC. Credit card fraud was the second most common type of theft with 28% of the complaints.

You don’t want to have to deal with credit card fraud — it can cost you thousands of dollars and countless hours of heartache. Instead, sign up with a high-quality credit monitoring service so that you can rest easy knowing that your information is secure.


How do you know you’ve found one of the best credit monitoring services? Here are three criteria to look for.

Regular Credit Reports and Scores

Consumers are entitled to one credit report every three years from each of the three major credit bureaus. That means if you rotate which one you request from, you can get a credit report each year. However, this does not include your credit score, so you’re still in the dark about how you might look to a lender.


The best credit monitoring services understand that a lot can happen in a year, especially when it comes to identity theft. That’s why more regular credit reports — and your credit score — are included in the best plans. For example, with IdentityIQ Secure Max you can get your credit report and score every month.

Monitoring of the Dark Web

When thieves steal your credit information, they don’t set up a public website and sell it to whomever comes along. That would be a recipe for getting arrested by the police! Instead, they go to the dark web, which is the internet equivalent of a black market.


The dark web can only be accessed using a specific browser and the users take care to completely hide their identity and location so they can’t be caught. It’s a place where illegal activity happens often and it’s easy to get hacked or taken advantage of. 


Because thieves use the dark web to sell personal information, high-quality monitoring services will monitor the dark web to ensure your data doesn’t appear there.

Reimbursement for Stolen Funds

One of the most frightening things about identity theft and credit card fraud is that it can financially ruin you. Not only do you have the chance that you’ll lose money directly to a thief, but the amount of time and money it takes to solve the problem can be significant.


If you’re looking for the best credit monitoring services, find an option that gives you financial protection as well as peace of mind. IdentityIQ products include up to $1 million in stolen funds reimbursement to help with stolen money, legal fees, and miscellaneous expenses.

How Safe is Your Credit?

Your credit rating is an essential part of your life, affecting everything from buying or renting a home to how much you pay for car insurance. It pays to protect yourself from scammers and thieves looking to steal your personal information.


If you want the best credit monitoring services, look for regular credit reports and scores, a service that monitors the dark web, and direct financial protection. We make it easy for you — simply sign up with IdentityIQ today!

Credit Monitoring Would Have Stopped Ozzy Osbourne’s Credit Card Fraud

Credit Monitoring Would Have Stopped Ozzy Osbourne’s Credit Card Fraud

Credit Monitoring Would Have Stopped Ozzy Osbourne’s Credit Card Fraud

Credit Monitoring Would Have Stopped Ozzy Osbourne’s Credit Card Fraud

“It didn’t go through.” The dreaded words no one wants to hear while making a purchase, as others wait in line behind you to make a purchase. Sadly, that is often how victims of fraud find out their credit cards have been hacked and maxed out and all of their money is gone. After it has already happened. It even happened to the famous rocker Ozzy Osbourne and his wife, Sharon Osbourne while attempting to buy a birthday present for their daughter. No one is exempt.

Osbourne revealed, “Someone rang up charges and maxed out Ozzy’s card and my card. I called through to the credit card company, and they go, ‘No, no, no, you’re maxed out, so is Ozzy.’ I’m like, ‘I don’t go to that store, or to that store.’”

The good news is, there are effective ways to make it through your credit from being stolen and prevent it from ever happening again.

First things first

Osborne revealed that she did work with the credit card company on the fraudulent charges.  That’s an excellent first step to take. Once you notice suspicious activity, report it immediately to your bank or financial institution to prevent any further theft.

If your credit, ATM, or debit card is lost or stolen, federal law limits your liability for unauthorized charges. If someone uses your lost or stolen credit card before you report it missing to the card issuer, you can only be held responsible for $50 of any fraudulent charge. If you report the loss before the card is used, you’re not responsible for any charges, nor are you liable if it’s just the card number that’s stolen and used.

Prevent theft from happening to you

You should consider changing your online passwords and PINs regularly. It’s more work to track multiple credentials, but it’s worth the effort to prevent fraudsters from hacking your accounts. Be sure not to use the same password repeatedly, as “credential stuffing” is something fraudster can attempt. Once they hack one of your accounts, they try the same username and passwords on other websites hoping to gain more access to your personal finances. Sophisticated fraudsters can run programs that automate logins because they know time is of the essence.

Do you look at your bank statements, investments, and track your online accounts daily? If you don’t, or you don’t have time to, remember that there is software that can do that for you. Time is of the essence when it comes to digital fraud, so using digital software that is faster than the criminals, is your wisest choice. If you do have time, keep a close eye on all of your statements, and if you notice signs of fraud, notify your bank immediately.

It’s a good idea to get a copy of your credit report since signs of fraud, like new accounts you don’t recognize, can show up on the report before your information has been compromised. Actively monitoring your credit report and your identity is an important step, so you can act quickly if you’ve become a victim.

Here are some additional steps you can take to reduce credit card fraud:

  • Monitor your account activity each day and set up spending alerts, so you’re notified as soon as something looks amiss.
  • Check to see if your credit card offers a virtual number, which you can change each time you make a purchase to protect your account.
  • Be very careful with giving out your email address, including when you are enticed with a promo code.  Barnes & Noble’s data breach exposed customers’ personal information, including transaction history and email addresses, along with erasing e-reader Nook libraries. Every link in an email or a too-good-to-be-true deal on an unfamiliar website might be an attempt to harvest credit card details or other personal information – stay alert.

Whether you’ve already been a victim of identity theft or you want to be proactive about staying safe from fraud, you should always keep updated on your credit activity through the use of the most powerful software available. The best program does the work for you so you don’t have to worry. For more information, visit

Credit Monitoring Raises Your Credit Score


Credit Monitoring Raises Your Credit Score

credit-monitoring-raises-scoreSince so much financially hinges on a good credit score, increasing it to its highest potential should be a priority. A credit score of 750+ is the goal to aim for, and at this level many financial doors will begin to open that will enhance your lifestyle.

The exceptional range of 800-850 could make you eligible for the very best lending terms, including the lowest interest rates and fees, and the most enticing credit-card rewards programs.

Your credit score can also determine your ability to land a job, an apartment, a car, or your dream home, and may be the only impression a financial lender, landlord, or employer has when deciding your future. You’ll need to start raising your score gradually, through a variety of different methods. Because building a credit score can take several months, there’s no better time to get started than today.

Sign up for credit monitoring

This is the most important first step to raising your credit score, as credit monitoring keeps you instantly informed if a thief violates your credit. Credit monitoring like IdentityIQ, tracks the credit history shown on your credit report, then alerts you immediately of any changes via email, text or phone. This service provides an automated, easy, and fast way to track changes to your comprehensive credit file.

The best credit monitoring services cover the following:

  • Hard inquiries on your credit report, such as someone applying for credit in your name
  • Credit report checks from each credit bureau(Experian, Equifax and TransUnion
  • Tracks balance changes, credit utilization, and dormant accounts
  • New accounts opened in your name
  • Balances and payments on your credit products
  • New address or name changes to your credit file
  • Public records, such as bankruptcies
  • Personal information on the dark web, such as your social security number, and passwords

Pay your bills on time

35% of your credit score is determined by your payment history. This is the largest factor so don’t overlook the obvious. Paying your bills on time should come before indulging in entertainment, eating out, or purchasing anything not necessary. The reward might be delayed, but well worth the sacrifice.

Over a period of time of being diligent, you will begin to see a big difference in your credit score and it will only continue to improve. Within about 6 months of being consistent with your payments, you will dramatically see your credit score moving up the scale.

Apply for credit

Getting approved for a loan or credit card is one of the best ways to build your credit. Lenders will look closely at your credit score to determine how much of a risk it is for them to lend you money. Your score might temporarily drop a few points after getting approved for a loan, but in the long run it’s worth this temporary fluctuation.

Be careful not to finance every purchase just to raise your score. Make sure to live within your means since having too much debt can get you into financial distress that can take years to recover from. Also watch out for your dept-to-income ratio by having high balances on too many different credit cards. This poor spending habit can raise a red flag to lenders and affect your credit score negatively.

Applying for credit should be kept at under five inquiries per year to keep your credit at its optimal score. Having multiple inquiries that were not approved will show on your report for two years before disappearing. Think carefully before you continue to apply again.

Use a credit card

It might seem contradictory for some, but using a credit card responsibly has its rewards. The key is to have enough discipline to pay off the balance in full each month and your score will increase dramatically.

Look for credit cards with no annual fees like Bank of America’s Travel Rewards credit card, in combination with the lowest interest possible. With a typical rewards program, you have the opportunity to earn cash back of at least 1% on most purchases.

To maximize your score by using credit cards, keep your account balance 30% below your available credit amount. Don’t spend all the money you have available to you. This exhibits financial stability and control to other financial lenders, and keeps your score at its optimal height.





3 Reasons to Use Credit Monitoring Today

Credit Today

3 Reasons to Use Credit Monitoring Today

3 Reasons to Use Credit Monitoring TodayWhy use credit monitoring? In today’s world of “everything’s online”, the idea of personal privacy has gone the way of rotary phones. It simply isn’t available anymore — every company online collects at least some data on your activities, and many of them sell it to third parties. 

That’s why identity theft and credit fraud are so common. In fact, 14.4 million people were victims of identity fraud in 2018 alone, resulting in $1.7 billion dollars of out-of-pocket losses.

You don’t want that to happen to you! That’s why credit monitoring is so important. Here are the top three benefits of using a credit monitoring service.

Peace of Mind

While credit monitoring can’t stop all types of fraud, it can make an important difference in your financial security. You’ll be alerted of new accounts, credit inquiries, high card balances, missed payments, and more. 

This can help you notice the signs of identity theft and fraud immediately before a significant amount of damage is done. You’ll save money and even better, you’ll have a clear running history of your credit activity if you need to file a complaint or report.

It’s not easy to protect yourself when everything is done online, but credit monitoring goes a long way to providing you with peace of mind when it comes to your finances.

Spot Credit Inaccuracies Quickly

No one is perfect, and credit card companies and other lenders do make mistakes that can impact your credit. Fortunately, credit monitoring services let you detect these mistakes quickly so that you can take action.

As you get updates on your credit score and the factors that impact it, you can find out right away if there are mistakes that have been placed on your credit record — before they have a chance to make a serious dent in your credit score. 

Then, you can dispute the inaccurate information quickly so that it’s removed before it can impact your financial life.

Help You Practice Good Credit Habits

Not everything about credit monitoring is about preventing problems. Credit monitoring services can also help you build good habits and work toward your financial goals. 

For instance, if you’re repairing your credit or working toward buying a home, credit monitoring can help you see your credit score improve and let you know what issues are still holding you back. As you see things get better, you’ll learn excellent financial habits and be encouraged that you’re moving toward your larger goals.

Get Started with Credit Monitoring Today

At Tradebloc, our credit monitoring services can help you identify suspicious activity and stop it in its tracks. In today’s online world, that peace of mind can mean the world to you. 

We also help you recognize what might improve your credit score, know when you might qualify for lower interest rates, and develop financial habits that will serve you well for a lifetime.

If you’re ready to be protected from fraud while moving toward significant financial goals, let us help. Contact us today!