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Saturday, March 2nd
The founder of Credit Sesame is a big part of the reason it's now super easy for consumers to have free access to their credit scores: Adrian Nazari negotiated for months with TransUnion to convince the bureau to offer that report for free instead of charging $10. The company has worked with millions of people to improve credit scores, increase their chances of being approved for credit, and to save money.
Solid features with a free account
Credit Sesame itself is also free, as long as you're looking strictly for basic credit monitoring from TransUnion. Your score will be refreshed daily, and you'll get notifications about address changes, credit inquiries, and new accounts that could be an indicator of identity theft. The free plan also includes a credit report summary and recommendations for financial products that might help you on your path to financial well-being.
Paid plans without enough information upfront
This platform also offers a paid subscription, and that's how you'll access all top-tier features. These include monitoring of all three credit bureaus, $1 million in identity theft insurance, wallet protection, ID monitoring, and more. But, it's aggravating that Credit Sesame doesn't give you any inkling about these paid plans until (or unless) you already have an account.
Feels a little shady
It starts feeling a little shifty and shady, having to poke around in the FAQs and on third-party websites to even determine that people are paying anywhere from $9.99 to $15.99 per month for this premium tier of service. Those prices aren't unreasonable compared with similar credit monitoring providers, so why not come out and state it upfront? People who are struggling with their credit don't need one more thing that feels like it's trying to trick them into a service they might not really need.
Brags about reputation, but BBB and customers tell a different story
Although Credit Sesame proudly advertises that they have an average customer rating of 4.5 stars out of 5 across more than 500,000 reviews, we're not sure where that comes from: there's no link to those reviews on the site, and when we looked around we definitely didn't find hundreds of thousands of compliments for this credit monitoring service. Go to a site like Trustpilot and see for yourself: across all of Credit Sesame's products, from banking to credit building, people are saying you should avoid doing any kind of business here.
Comments like "I have no idea where my money is" and "Money was taken from my account fraudulently and no one at Credit Sesame notified me or helped me when I discovered it" paint a disappointing picture of what's going on at this company. Even the Better Business Bureau agrees, giving Credit Sesame a "D-" rating for failing to respond to nearly 50 complaints out of the 140 filed over the last three years.
Not worth using for credit monitoring
You could use Credit Sesame for the free tools, and you'd probably be okay. But, if you start using Credit Sesame's recommended products for improving your credit, we're pretty sure you're going to wind up disappointed - or worse, in a situation where your credit is being affected by the company's lack of customer support. Try out the higher-rated credit monitoring resources on our list before even considering Credit Sesame.
In today's interconnected digital world, maintaining a strong credit profile is essential. That's where credit monitoring services come into play - valuable tools to safeguard your financial well-being and keep you informed about your credit health. These services provide continuous oversight of your credit report and alert you to any significant changes.
Credit monitoring lets you to detect and respond swiftly to potential threats like identity theft, fraud, or errors on your credit reports. They do this by sending you alerts via email or text whenever there are significant changes in your credit report. They offer ongoing monitoring of your credit reports from major credit bureaus, allowing you to stay vigilant without manual effort. Moreover, many credit monitoring services provide educational resources and tips for improving your credit scores and managing debt.
In the unfortunate event of identity theft, reputable credit monitoring services often offer assistance in resolving issues and restoring your credit, providing you with valuable support and guidance during a challenging time. It's important to note that credit monitoring primarily focuses on credit-related activities and may not detect all forms of identity theft or fraud, such as medical or criminal identity theft.
Additionally, you may receive alerts for legitimate actions, which could lead to unnecessary concern or alert fatigue. And, it's crucial to understand that credit monitoring services can't prevent or stop fraudulent activities; they can only provide information and alerts, underscoring the importance of your own proactive vigilance in protecting your financial well-being.
Now that you understand what credit monitoring can (and can't) do for you, how do you choose which option is right for you? There are a lot of similarities among providers of this service, and it can get frustrating trying to sort out the minute differences that could impact your decision.
Consider these factors that might illuminate those differences and make it clearer which one you should choose:
Credit monitoring services offer you valuable tools to protect your financial well-being and maintain a healthy credit profile, and Top Consumer Reviews has done the legwork to make it easy to compare today's most popular providers. We're confident that this information will empower you to take control of your financial life and stay on top of your credit profile.
Select any 2 Credit Monitoring Companies to compare them head to head
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