Credit monitoring is a service that allows individuals to keep track of their credit report and score. It involves regular updates on an individual's credit history, including new credit inquiries, accounts opened or closed, debt payments, and changes in credit limits. The purpose of this service is to help people detect any fraudulent activity or errors in their credit reports that could negatively impact their ability to obtain loans, mortgages, or other forms of credit. By monitoring their credit regularly, individuals can take proactive steps to address any issues and maintain a good credit score.