Experian offers excellent free and premium services for those interested in learning their credit scores from all three bureaus and additional credit information.
Experian is one of three credit reporting agencies in the United States, the other two being Equifax and TransUnion. This means that they are brilliantly positioned to bring people detailed and accurate credit reports and scores. They offers two services, a basic free service, which allows you to view a monthly report, and a premium service, which allows you to view detailed reports on a daily basis and also includes a number of tools to help protect against identity theft and fraud.
Experian provide a fast, easy to use, and highly affordable service, and anyone interested into looking into their credit scores and reports can benefit from it. Read on to learn more information about Experian credit reports and what they contain.
Experian offers two products, CreditWorksSM Basic and CreditWorksSM Premium. The Basic plan is free of charge and allows you to see your Experian credit report every month. The Premium plan is far more advanced; it monitors Experian, Equifax® and TransUnion®, it offers a daily Experian Credit Report & FICO® Score, a monthly 3-Bureau Credit Report & FICO® Scores, it comes together with a feature called Experian CreditLock, and Experian’s identity theft protection services.
If you don’t wish to pay for a monthly subscription then you can also opt for a one time Experian Credit Report and FICO® Score for $19.99, or a 3-Bureau Credit Report and FICO® Scores for $39.99.
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The free Basic reports include information on New Credit Inquiries and New Accounts, and it allows you to see you FICO® Score on a monthly basis.
The Premium reports have far more features and provide considerably more information. In addition to information on New Credit Inquiries and New Accounts, it will also provide information from all three credit bureaus on:
You can also view daily Experian Credit Report and FICO® Score as well as reports from the three bureaus on a monthly basis. Accompanying those scores, you will also see a breakdown of the good and bad factors which influence your credit score, such as, your payment history, overall debt amounts, and account mix.
Premium subscribers can also make use of the Experian CreditLock. This allows you to lock and unlock your Experian Credit File, and receive real-time alerts on attempted credit inquiries, thus keeping your sensitive information away from thieves and curious eyes.
Finally, premium subscribers will also benefit from Experian’s identity theft monitoring and protection services. This includes dark web surveillance, identity theft insurance of up to $1 million, a US-based fraud resolution specialist, lost wallet assistance and a number of identity theft monitoring alerts such as address change verification, payday loan monitoring, social security number monitoring and more.
Experian’s services are incredibly easy to use. You just need to fill out a simple form to get your initial report and this takes very little time. The reports themselves are displayed clearly and are straightforward to understand.
The report will contain your basic personal information, such as names, address, date of birth, social security number, telephone numbers, and so on. There may also be information about any bankruptcies, tax liens or civil judgments you have and there will be information about any current or previous loans and their repayments. You will also find information about businesses that have requested credit information about you. There may be more information in the report, but the important thing is that it is all displayed very clearly making it easy to spot mistakes. This means that you will be able to find information that needs disputing easily.
Experian has recently redesigned its mobile app for easier navigation and improved functionality. The app gives existing customers quicker access to key information from their Experian Credit Report. Android 5 and iOS 9 onwards are supported. Users can also enable alerts on the mobile device for if there is any change to their credit score.
There is a large and very clear help section on the Experian website where you will find information about all of their services. The information is very clearly presented, and you are likely to find the answer to any questions you have quickly and easily. If you can’t find the answers you need, or you wish to contact Experian for any other reason, then you can find email addresses and telephone numbers in the help section.
Experian has a slight edge over its competitors like Equifax as it tracks your credit searches more thoroughly. Not to mention it is widely used by more universal companies for when you are taking out a loan, mortgage, overdraft, credit card, and mobile phone contract. The companies which exclusively uses Experian include:
Additionally, it has its own innovative numerical scoring model called Experian PLUS which provides you with a score from 330 to 830. It correlates with FICO® Score but the algorithms used and their ending scores differ. When lenders request an Experian credit review, they will see the borrower’s entire credit history – every debt that the person has owed in the last decade, sometimes even longer. From the detailed review, the borrower can analyze how the borrower has managed and settled their debts.
The final aspect which sets Experian apart from other credit check systems is that you can monitor your credit report information from all three credit bureaus (Experian, Equifax and TransUnion) all in one place.
Experian offers excellent credit report services, whether you are looking at a free monthly report or a more detailed premium report. Their reports are highly detailed, containing all of the information you could possibly need, and they have made it very easy to dispute any incorrect information. On top of the reports, Experian’s customer service is excellent, and they provide an all-round outstanding service.