Among the "big three" credit bureaus running in the United States of America is Experian. Equifax and TransUnion are the other two credit reporting companies. Experian compiles information on the personal credit experience including loans, credit cards, bankruptcies, foreclosures, collections, and any other credit-related record. This data is gathered and included in a credit report lenders use to evaluate loan and credit card candidates.
Experian is a credit reference agency that draws credit reports to lenders, credit monitoring, and identity protection services. It enables an individual to monitor their credit reports and scores, detect unauthorized activity, receive notifications of changes in credit reports, etc.
CONSUMER PROGRAMS: Experian has several membership program types that clients can select from. The costs are graduated depending on the degree of services offered. Here is an overview of Experian's main membership plans and how much they cost:
Experian Free Trial Credit Report
This is the free subscription on Experian, it is the lowest level of membership that anyone can sign up for. It enables you to pull your Experian credit report at least once per year without having to pay any fee. This satisfies the legal demand that each of the credit bureaus offers the consumer one complimentary credit report per year. The ability to access your free Experian report online is possible through the Experian membership, and without having to mail anything.
Cost: Free
Experian CreditMatchTM Membership
The following plan gives you your Experian credit report and score. It also entails a tracking feature that notifies you any time there is a change on the Experian credit file inclusive of the new accounts opened, inquiries made, any specific change in the payment record, or credit limits among others; this comes with a notification through an email. This can assist you in monitoring your report and able to detect any fraudulent activities at an early stage.
Cost: $4. 99 per month
Experian CreditWorksTM Premium Membership
As with the features of CreditMatch, this plan offers you your credit report score from the three major credit agencies namely Experian, Equifax, and TransUnion. This way you can track your score from each bureau in the country to determine your creditworthiness. It also entitles identity theft insurance of up to $25000. Other characteristics are updated every month, scores, and a feature that allows for the calculation of credit decisions.
Cost: $24. 99 per month
Experian IdentityWorksTM Membership
As for the current plan, it is devoted specifically to the issues of identity theft prevention and solutions. It watches your Experian report daily and notifies you when changes are made to personal info, which could be a fraud. This is under identity theft insurance whereby customers get to be covered up to $1 million. It also has online identity restoration services that can be utilized in case one becomes an identity theft victim. A case manager can assist you in making sense of the process of regaining your identity and good credit status in case this has been affected.
Costs:
Basic: $9. 99/month
Plus: $19. 99/month
Premium: $29. 99/month
The Plus and Premium plans offer better protection amounting to $1 million for the Premium.
Experian BoostTM Membership
This program lets you report timely payments for cellphone bills, utilities, video streaming services, and other monthly recurring bills to your Experian credit report. This may help to establish a payment history mix and improve credit scores. It gives you regular monitoring and notification for all the boosted payments added hence allowing you to monitor the results in the future.
Cost: Free
Therefore, at Experian, one can subscribe to any of the membership tiers with prices from $0 to $29. 99 per month. The subscribers receive more services, additional features, and identity theft protection in the higher subscription plans compared to the basic ones. Therefore, choosing your plan is based on your requirements or personal financial situation. Carefully, review all the plans to choose the credit monitoring, report access, protection, tracking, and resolution services that you want/need in your life.
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