Companies use Experian‘s credit reporting to perform background checks or make financial decisions. In addition to credit reporting software, Experian offers services that protect you from identity theft or improve your credit score. Experian is renowned for its credit reporting software, but it also provides services that keep you safe from identity theft or improves your credit rating. In this review, we go through the overall services that Experian has to offer and how you can benefit from trying it out for yourself.
Pros and Cons
- Pros: There is an instant boost program that offers extras, business credit available, great customer service
- Cons: No in-person services
Features
Automated Credit Score and Monitoring
The credit monitoring software called Credit Works tracks credit inquiries, account balance changes, and new account creation. In addition to sending you a comprehensive credit report every month, CreditWorks also tracks account balance changes and credit inquiries. The basic plan of CreditWorks is available.
Credit Hotline
With Experian’s credit hotline, you can speak to a real, knowledgeable person about your credit report, or receive step-by-step guidance on your credit score. Aside from financial advice articles and videos, Credit Karma provides credit advice. Every Wednesday at 3:00 p.m. Eastern Time, the Credit Chat Livestream appears on Twitter and YouTube to discuss financial issues such as boosting your credit rating and saving money. The FICO Score 8 Model, one of 49 FICO scores, is offered by Experian.
ID Theft Protection
With IdentityWorks’ identity theft protection membership, you can track financial account activity, monitor the dark web for SSNs, and receive regular credit protection monitoring alerts.
The Resources You Need
With Experian Boost you can help you raise your credit score by adding utility, phone, cable, and internet bills to your credit report. You can boost your score just by making on-time payments to these accounts. Experian Boost is a completely free service.
FICO Score
Credit monitoring agencies frequently offer a proprietary credit score as a result of their own scoring system. Experian is the only credit monitoring service that provides you with both your FICO score and your credit score. Credit rating scales range from 300 to 850, and the FICO score is utilized by most lending institutions to decide your creditworthiness. Experian also provides a detailed breakdown of your credit score in their reports, showing you how your rating is calculated. This tool is beneficial if you want to increase your credit score simply because it highlights the factors that have the greatest impact on it.
Mobile App
If you wish to manage your existence from your cell phone, the Experian app is a superb addition to their range of services. The app has been designed to work well on both Android and Apple platforms, as well as being reliable and visually pleasing. The mobile application includes video tutorials on how to get the most out of the resource. These tutorials, which range from really fundamental to addressing really critical issues like disputing an inaccuracy on your credit report or tracking your credit score over time, are likely to be well received by new users.
Experian Cost and Pricing Plans
On Experian, you can find a variety of services and products, such as the three-bureau credit report and FICO score for $39.99. You’ll be able to see your Experian, Equifax, and TransUnion scores as well as what factors influence your credit scores. Your scores won’t be updated once you access your reports for the first time, but you’ll still have access to them for 180 days. There is no charge for Experian CreditWorks Basic. You can upgrade to Experian CreditWorks Premium for $24.99 per month after a free seven-day trial.
Individuals who desire more extensive security may desire Experian’s IdentityWorks Plus or Experian IdentityWorks Premium plans, which provide joint credit and identity theft monitoring services. After a free 30-day trial, the Experian Plus plan is $9.99 per month, and the Experian Premium plan is $19.99 per month.
Experian Boost is a free service that allows consumers to report telecom and utility payments to their credit reports to instantly boost their credit scores. Working with one of the finest credit repair agencies currently in the market may be a good option if an individual is stuck with a bad credit history and wants to boost their credit score.