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Credit Report Reviews

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EQUIFAX

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.

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FREE CREDIT SCORE

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.

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MY FICO

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.

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CREDIT REPORTING

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.

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CREDIT REPORT

Credit Report provides a bare bones website and minimal services. We were unimpressed with their tools and lack of customer service.

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FREE SCORE 360

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.

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Credit Reports

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:

  • Cost.  How does their price compare to their competition? Is the charge fair and reasonable and does it fit into your budget?. Do they charge monthly or is their one flat fee?
  • Credit Bureau Sources.  Where are the credit reports obtained from and what is being monitored for credit events? The most comprehensive credit reporting will include all three major credit bureaus including Experian, Equifax, and TransUnion.
  • Resources.  In the event that you need to dispute a credit report item does the company offer easy to use online tools? Does the company offer resources to help improve your credit score, and does it provide assistance in obtaining the best rates for your major purchases?
  • Assistance.  Credit reports are complicated and laws change frequently. Does the service provider have a knowledgeable customer service team?

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:

  • Accuracy. While the three credit reporting agencies do their best to collect accurate information on each consumer, they are not infallible and can include incorrect data in your report. If there is another individual with a name similar to yours, it is possible for the credit agencies to confuse their data with yours, and erroneously include information about the other person in your report.
  • Identity Theft. Reviewing your credit report annually is a great way to make sure you are not the victim of identity theft. Credit reports contain accounts opened in your name using your social security number, address and date of birth. It is one of the best ways to find out if someone is using your information to open new accounts and run up debt.
  • Loan Worthiness. If you are about to attempt to secure a loan for a large purchase, such as a home or a car, it is a good idea to check your credit report prior to applying. Not only will it allow you to see what the lender is seeing prior to approving/rejecting your loan application, but it also will give you the opportunity to make sure all data is correct prior to someone else viewing it.

 



Credit Reports In The News

How And Why You Need To Monitor Your Credit Report

Planning is important to make sure your financial house is in order. It is vital to know where you are today, where you want to be in the future and to have a game plan on how to get there. Many times ...

Published:  Fri, 16 Nov 2018 06:00:00 GMT



Fair Credit Reporting Act Remains Fertile Ground for Compliance Issues and Litigation

The Fair Credit Reporting Act ("FCRA" ) has been a fertile area for lawsuits against employers. Recently, the Third Circuit Court of Appeals provided yet another warning for employers regarding complia...

Published:  Fri, 16 Nov 2018 16:53:00 GMT



Universal credit claimants driven to consider suicide over stress caused by welfare reform, report finds

A study by leading academics of claimants and support staff in Gateshead and Newcastle found the new benefit to be a "complicated, dysfunctional and punitive" system that forces people into debt and r...

Published:  Fri, 16 Nov 2018 03:16:27 GMT



Nordstrom Analysts Pick at Credit Card Issue, Margin, Full-Price

Kohl's Corp. is the next to report earnings on Nov. 20 ... it would be an unexpected charge of $72 million ($0.28 in EPS) related to its credit card accounts." But the charge is "a one-time item and t...

Published:  Fri, 16 Nov 2018 05:04:00 GMT



Why Employers Check Your Credit Report

A little less than one-third of employers who employ background checks on job applicants check their credit as part of their research, according to a survey from Career Builder. While the Fair Credit ...

Published:  Fri, 26 Oct 2018 07:07:00 GMT



700Credit Integrates With Dominion Vision™ CRM to Create a Seamless Credit Screening Experience for Dealers and Customers

NORFOLK, Va., Oct. 29, 2018 /PRNewswire-PRWeb/ -- Dominion Vision™ CRM, powered by CRMSuite, has broadened its integration with 700Credit, the industry's leading provider of credit reports, compliance ...

Published:  Mon, 29 Oct 2018 15:08:00 GMT



You Can Now Freeze -- and Unfreeze -- Your Credit Report for Free

[Question]I remember reading a while back that everyone starting this fall will be able to freeze their credit report for free. Is this change effective now, and what do I need to do to get my free fr...

Published:  Fri, 21 Sep 2018 12:30:00 GMT



When Hard Inquiries Fall Off a Credit Report, Does Your Credit Score Go Up

If you've applied for a loan or new credit recently, you may have noticed (or been forewarned) that a "hard inquiry" was made into your credit report. Inquiries are just another term for credit check, ...

Published:  Mon, 20 Aug 2018 04:59:00 GMT




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