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Equifax is the leader in providing credit reporting and credit monitoring at a very fair price. They have 2 excellent credit reporting monitoring packages, one geared for individuals and the other geared for families. The customer service team leads the pack in providing friendly, knowledgeable help.
We've all seen the commercials but how does Free Credit Score compare to the rest? As it turns out, only average at best. Without the catchy commercial jingle, this provider is missing some basic features of the higher ranked companies.
My FICO attempts to provide a full service approach to credit reports and monitoring but falls short in timeliness and sources. We didn't like that your credit is monitored weekly, compared with the daily effort the others provided.
Credit Reporting does a good job of pulling credit scores across all three major bureaus but does not provide any monitoring service. If you choose to regularly pull your report to monitor changes manually, you'll spend a fortune with Credit Reporting.
Credit Report provides a bare bones website and minimal services. We were unimpressed with their tools and lack of customer service.
Free Score 360 might look good but our research uncovered the truth. This site lures you in but fails to clearly tell you that you'll be charged a monthly fee every month going forward.
Monitoring your credit score is essential in today's times. Not only is having a good credit score and credit history important in obtaining an affordable car loan or renting an apartment, it can determine whether you get a job and are able to put food on the table for your family. To further accentuate the importance of knowing your credit score, over $1 billion in identity theft occurs each year.
Proactively managing and monitoring your credit is the only way to protect yourself from being the next victim. Being in tune with your credit score and real time credit activity has never been more important. In the past few years, credit report and monitoring services have popped up and gained the business of millions of American people. However, not all credit report services are alike.
Some companies provide a wide list of credit related services to meet all your credit reporting needs, while others provide only bare basics with little or no customer assistance. Some companies offer insurance up to $1,000,000 and some provide very little to no coverage in the event that identity theft does occur.
If your goal is to improve your credit while effectively avoiding identity theft you'll want to choose a credit report service that specifically meets your needs. This includes assistance with disputing credit report errors, monitoring the progress of improving your credit, providing a knowledgeable staff to answer all your questions, offering insurance to pay for identity theft, and more.
With a number of credit report and monitoring services available today it's important to consider some key aspects of each company before making a decision. Some of these factors include:
TopConsumerReviews.com has reviewed and ranked the best credit report services available today. We hope these reviews help you find out your credit score and credit history right away!
Why Should You Check Your Credit Report?
Would you go for months without checking the balance of your bank account? Would you ignore reviewing your monthly credit card statement under the assumption that all the charges on it were valid? Chances are, if you're like most people, you wouldn't.
The same rule applies to your credit report. It should be reviewed at least once annually, and ideally 3 times a year or more, to make sure everything is in order.
What, exactly, is a credit report? It is the compilation of an individual's financial history, from their first bank account to their latest credit card, it's all in there. The history of where a person has taken out credit - as well as whether they've been able to pay on time or are chronically late with repaying their debts - is all included in one handy document. Financial brokers, credit card companies, potential employers and any creditor with whom you wish to do business has the right to view you credit history.
Credit history also is used to assign a credit score to each individual. The score is calculated through a mathematical algorithm, which pulls data from the credit report and generates a three-digit number. Credit scores range from 300 to 850. Persons with scores over 700 are considered to be in good financial standing and rarely are turned down by creditors. They also are able to secure the best interest rates on loans.
Knowing your credit score, as well as how it can affect your everyday life, is a valuable tool for all consumers. Credit histories and credit scores are used to determine credit-worthiness by credit card companies, cell phone providers, utility companies and even landlords and insurance companies. Having a bad credit report can have lifelong consequences for the consumer.
Credit reports are issued through three major reporting agencies - Equifax, Experian and Transunion. Each of the three agencies compiles its own report on individual consumers, and each report may vary slightly from the others.
There are many reasons why consumers should make a habit of viewing their credit reports:
Credit Reports In The News
A soft inquiry (or soft pull) occurs when your credit report is not being used to make a lending decision, so it doesn't count against your credit score. For example, if an employer were to pull the c...
Published: Fri, 15 Feb 2019 19:00:00 GMT
New York Governor Andrew Cuomo has recently proposed that New York join a number of other states that have restricted the use of credit reports as a required screening procedure in connection with emp...
Published: Sun, 17 Feb 2019 22:01:00 GMT
At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here's how we make mone...
Published: Thu, 14 Feb 2019 05:53:00 GMT
The number of consumers who use debit cards for purchases has declined steadily since 2011, the year following enactment of the Durbin Amendment, and now stands at 54%, according to a newly released r...
Published: Fri, 15 Feb 2019 12:14:00 GMT
Elevate Credit is an online subprime consumer lender that IPOed in April 2017. Since then its shares have materially underperformed peers. In February 2019, it released a positive 4Q 2018 earnings ...
Published: Thu, 14 Feb 2019 13:22:00 GMT
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