What New Regulations Regarding Free Credit Monitoring Should The Military Be Aware Of?
Beginning in September, military members will be able to request complimentary credit monitoring services from the three major credit agencies, subject to certain restrictions. These free credit monitoring services, which ordinarily cost $30 or more a month, can assist troops in managing their money by informing them when anything changes to their credit reports. Armed troops can then intervene if fraud or other problems are discovered early enough. New Rules for Free Credit Monitoring The Federal Trade Commission's final regulations, which will soon be published in the Federal Register, do contain a warning. Due to the way the law is written, most individuals who qualify for free credit monitoring are "assigned to service remote from the typical duty station of the consumer....
