CreditReport.com Review: Credit Report Monitoring
|Sign up for CreditReport.com|
|3-bureau monitoring; score updates every 30 days; 7-day trial for $1|
For $29.95 per month, CreditReport.com features daily 3-bureau credit monitoring, monthly 3-bureau score updates and 3-bureau credit reports and scores instantly when you sign up for the $1 7-day trial. We recommend 3-bureau credit report monitoring because it's a great way to stay on top of your credit information in fact, regularly checking your credit report is even recommended by the FTC. With credit monitoring, CreditReport.com members are alerted via email and/or text of new accounts, public record changes, address changes, hard inquiries and other types of potentially negative credit information. Since changes to your credit reports are literally sent to you, credit monitoring makes it easy to stay aware of any important changes without having to constantly obtain and read through all 3 of your reports.
When signing up for the $1 7-day trial, members receive their reports and scores from all three bureaus. The signup process itself was straightforward and quick. However, there was some cross selling for other products, and it's easy to mistake these paid add-ons for free features of the actual CreditReport.com service. Make sure you're careful not to accidentally sign up for an additional service you don't want.
Credit Monitoring, Reports and Scores
Once you're a member, you have access to your online member account where your credit report and score information is kept. We really appreciated the clean and easy-to-navigate layout for this information, which made finding all our data quick and simple. On the downside, we couldn't help but notice all the ads for additional services. The majority of these ads are styled to look like free or additional features of the service, when in fact they are external services and paid CreditReport.com add-on products. When we called CreditReport.com to inquire about an additional product we ordered by mistake, the service representative told us that members frequently order things they don't want by accident, but that they would not credit back the purchase.
CreditReport.com provides monthly updates to your 3-bureau credit reports and scores. The scores given are PLUS credit scores, which indicate your relative credit risk level for educational purposes. Though these differ from the popular FICO scores that most lenders use, based on our informal in-house testing, they are fairly equivalent. This means that even though PLUS scores are not used by lenders, they should still give members a good idea of how they may be perceived by lenders.
Your credit scores are tracked over time in graphical format, so you'll always know your latest score. CreditReport.com includes an explanation of exactly which factors are hurting or helping your score, a feature we like. Understanding what impacts your score can help you to make better financial decisions to improve it. In addition, you'll have access to a credit score estimator tool that lets you see how different actions might improve or hurt your score. Members can also set score alerts, and will be notified when their alert milestones are met.
Identity Theft Protection and Tools
If you become a victim of identity theft while enrolled with CreditReport.com, you'll have access to their team of fraud resolution representatives. They'll assist you in recovering your identity, walking you through the steps of the process. Members will also receive a custom fraud resolution kit. In addition, you'll be protected by CreditReport.com's $50,000 product guarantee. By monitoring your credit across all 3 bureaus and alerting you when there is a change, CreditReport.com is helping protect you from potential identity fraud.
Your subscription also comes with ChildSecure, an identity monitoring product for your children, which is free of charge for subscribers. Kids are particularly vulnerable to identity theft because their credit files usually go unchecked until after they turn 18. If an identity thief uses their social security number to open accounts, your child's credit history may be ruined before they even begin establishing a true credit history. After you've enrolled your children in ChildSecure, CreditReport.com will monitor the Experian Credit Database for any records and alert you if anyone applies for credit accounts using your children's personal information. Though we wish the service monitored all three bureaus, this is still a useful tool.
Their call center is open Monday through Friday from 6am to 6pm and Saturday to Sunday 8am to 5pm PST. As we mentioned before, they did not give us a refund after we made a mistake purchasing an add-on from the site, and said that it happens all the time. Needless to say, this isn't the best customer service we've seen among all of the credit monitoring services we review. If you want to skip the phone, they also have a customer support email address.
CreditReport.com is a worthwhile credit monitoring service, offering 3-bureau monitoring and monthly updates to your credit scores and reports. Members will also receive their 3-bureau credit reports and scores for only $1 at signup. While the benefit of monthly updates to your credit reports and scores is nice, at $29.95 per month the service is a bit on the pricy side, especially compared to other credit report monitoring services with the same benefit.
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CreditReport.com Forum Posts
- How do I cancel CreditReport.com?
Here is their contact information: 1-877-297-7790 Hours (Pacific Time) Mon-Fri from 6am-6pm, Sat-Sun 8am-5pm
- How do I cancel CreditReport.com?
I have signed up for a month trial for $ 1.00. I received my credit score and now I would like to cancel the subscription, but I find no contact name,...
- CreditReport.com Review
Here is NextAdvisor's review of CreditReport.com: http://www.nextadvisor.com/credit_repor ... review.php