Which of the following statements regarding credit monitoring is correct?

Ordering your FICO score from each major credit agency multiple times a year is a proactive measure for individuals wanting to maintain their financial health. By checking your credit score regularly, you can stay informed about your credit standing and can identify any discrepancies or potential issues early on. This kind of vigilance allows you to take the necessary steps to improve or protect your credit score when necessary, such as correcting errors or dealing with identity theft.

The other statements regarding credit monitoring do not reflect accurate information. For instance, soft inquiries do not negatively impact your credit rating, and while credit monitoring services may offer free trials, ongoing services generally require a subscription or sign-up. Additionally, credit scores can fluctuate based on various factors, including credit utilization, payment history, and new credit accounts, rather than remaining constant. Thus, the understanding and management of credit scores are vital, making the practice of regularly checking your credit scores from major agencies a beneficial habit.