Experian is one of the three main credit reporting bureaus offering free annual credit checks to individuals needing to monitor their finances. It is their goal to assist lenders in finding viable candidates for loans, mortgages and credit cards while also providing a broad base of support to consumers who need consistent tracking of their numbers to live responsibly. They can be found in over 80 countries, providing their superior services and level of expertise in the credit monitoring industry.
Monitoring your credit is a responsible way to keep track of your FICO score, be alerted of identity theft and to understand what’s affecting your financial risk factor. If you forgo routine credit checking, you won’t know where your numbers lie until you go to apply for a loan or buy a home. At this point, it may be too late and you’ll be struggling to find the borrowed money you need at a reasonable rate. According to Experian, you are allowed to run a free credit report annually. If you’d like more frequent checks and monitoring, there is a monthly affordable fee that you’ll need to pay.
Three-Credit Bureau Monitoring
Experian provides monitoring across all three credit bureaus. Monitoring your report using all of these services gives you greater insight that will help you make better financial decisions. All three credit bureaus (Experian, Equifax and TransUnion) report differently, so it is important to know what’s affecting your score with any one of these agencies. With other commercial companies, you may only receive a base score that is calculated and combined from all bureaus, giving you a false number.
Once you’ve signed up for Experian credit monitoring, you’ll receive quarterly updates that outline changes to your score and report. You can also have daily access to your report to see changes happening in real-time. You will automatically receive a report from all three bureaus by mail or email every 90 days.
Track Your FICO Score
Experian offers an interactive FICO score tracker that alerts consumers of when their score has changed or when there has been an adjustment to their risk factor. You will get a thorough report of items affecting your score and information on what you can do to dispute something you feel shouldn’t be there. Experian makes it simple and convenient for you to have on-the-go access to your report at all times. Their user-friendly mobile apps give you full access to your account when you do not have access to a computer.
Be Alerted of Fraud and Identity Theft
What sets Experian apart from other credit reporting companies is their $1 million dollar identity theft protection insurance. Their monitoring network is sensitive enough to know if something on your report isn’t right. If multiple credit cards have been opened in a short time or if a multitude of loans have been released, you will be immediately alerted before the thief can ruin your credit further. If you have set up alerts via text or email, you will receive notifications if there is something on your report that could be described as identify theft or fraud on your account.
The folks at Experian are available 24 hours a day, seven days a week. You can reach out to them via email, telephone or snail mail. Their helpful representatives are there to help you set up a credit monitoring account, learn how to use it properly and understand what to look for when checking your report. Their competitive rates are a welcoming benefit to individuals who have spent a fortune on other companies that don’t offer half as much as what Experian gives to their customers.
When you monitor your credit regularly using Experian services, you’ll finally have a chance to raise your numbers and go from having poor or average credit to having excellent credit. In most cases, raising your credit score just takes a little insight into what’s affecting it while also using a service that helps you stay up-to-date on major changes. When it comes to identity theft and fraud protection, Experian is one of the most comprehensive companies to utilize when safeguarding yourself.