Many people use credit monitoring services to help them keep an eye on their credit histories and to increase their ability to recognize a fraudulent activity.
The US Federal Trade Commission estimates that it takes about a year before a consumer notices that they have been victims of identity theft. If you are using a credit monitoring service, you would have noticed the activity much faster than if you were only obtaining your credit reports annually. With over 10 million Americans falling victim to identity theft crimes annually, it's no wonder we are willing to pay for services like credit monitoring.
Most credit monitoring services charge a monthly fee between $10 and $15, with the price dependent upon the level of monitoring you receive.