Bill Pratt asked:




Freecreditreport offers online credit reporting resources to consumers worldwide and belongs to the ConsumerInfo family. The company is a leading provider of online consumer credit reports, credit information and monitoring services as well as credit scores.

The company has served 3.1 members thus far and delivered more than 20 million credit reports. The indispensable services and befits offered by Freecreditreport has taken the company to newer heights as the membership count continues to rise.

Consumers can now wield control over their credit by taking advantages of the services offered by this company. The first step involves getting access to their free credit report and credit score. Customers can try these services completely free of cost with the 7 day free trial offer.

The features and benefits also include:
Daily monitoring of Experian, Equifax and TransUnion credit reports
Email reports of any kind of changes and risks of identity thefts to any of the three credit reports
$50,000 Triple Advantage Guarantee feature offered the company

The paid membership comes with access to unlimited Experian credit reports and credit scores.

Monitoring and analyzing the customer’s credit score can result in substantial savings as these credit scores are taken into consideration by lenders for the “credit worthiness” of customers in order to facilitate processing of loan application, credit card application and other lines of credit. This credit score in turn helps in determining whether the applicant qualifies for a credit or not as well as the interest rate applicable on the given credit.

These credit scores are extracted from the credit reports which have a propensity to change on a daily basis. It therefore becomes imperative to monitor your credit reports as this could directly affect the credit scores.

Freecreditreport takes care of all these intricacies for its customers/members while obviating the any associated risks in terms of unauthorized activity or potential discrepancies. Customers also get to guard their identity, as Freecreditreport monitors the customer’s Experian, Equifax and TransUnion credit report on a daily basis.

It is important for the customer to note here that higher credit scores equate to lower interest rates on new loans, thereby resulting in substantial savings.

Joe

Frank Carrasco asked:


All credit cards offer many benefits and features. Some come with a few disadvantages. To convey my point I will leave the disadvantages for others to write about. All credit cards are good in their own way for their own purpose and for that specific applicant. There are many credit cards for applicants with good credit, bad credit or with no credit at all. There are the so called “bad credit cards” and the “good credit cards.” Bad credit cards fit consumers looking to build “good credit.” Good credit cards fit consumers with good credit looking to take advantage of benefits that suit their daily lives. So are all credit cards good? Yes, because in some cases you have to start somewhere and sometimes, it comes at a price.

Consumers with good credit attract the credit cards that would better suit their income, credit history, spending habits and paying habits. Many credit cards that approach consumers with good credit tend to offer great transfer rates and lower interest rates on future purchases as long as the consumer’s credit doesn’t change in the wrong direction. Everyone has their individual needs and perceptions of their credit. So the only challenging factor for someone with good credit is to maintain the good credit status and keep a close eye on your credit limit to credit debt ratio. In my opinion, your ratio should be at around 25% to 40% because it is a responsible level to be proactive in managing your credit cards. A 25% credit limit to credit debt ratio would be $250.00 balance on a $1,000.00 credit limit. Investing in a credit monitoring service also helps to keep a third eye on your credit so you can focus on your busy life.

Consumers with bad credit attract the credit cards that seem to be outrageous because of interest rate, credit line or terms of the agreement such as annual fees and processing fees. In my opinion, their is no such thing as a bad credit card as long as they report the account to Experian, Transunion and Equifax (CSC Credit Service). Instead of them being called bad credit cards they should be called credit building cards. If you cannot get over yourself by accepting a credit building card, maybe a secured credit card from your bank would be the best choice as long as they report to the credit bureau. Never think bad credit is forever or that it can’t ever improve, it can with responsible steps. If you get a so called bad credit card then make sure you fulfill your end of the agreement, and don’t make excuses for not paying on time or letting it charge off because it was only $300.00. I think one factor that makes that type of card good is that the credit lines are usually no more than $500.00. That low of a credit line is a good thing because worst case scenario your minimum payment is between $15.00 – $25.00. Not bad for establishing a credit line that will be worth dividends in the long run. Yes, it will benefit you as time is established behind the credit card. Credit building cards are only short term because once you have began to establish yourself with 2 – 3 credit building cards your score will reflect the responsible habits and your score will begin to rise. So are bad credit cards good, of course they are.

Whether you have good or bad credit cards the responsibility is the same. Make your payments on time and watch your credit limit to credit debt ratio. These two simple steps, if followed consistently, will keep your credit cards as the good benchmark for your credit score to be based from. I have only referenced your credit cards that allow minimum payments and not any other types of credit cards or other credit lines on your credit report. I have also not referenced the impact of derogatory items on your credit report that would affect the establishing of your credit. All cards have benefits and features that are advantageous to consumers or contain hidden value, even if the card does not seem very desirable. When you decide to get any credit card base it on your own financial need and on the advantages that will benefit you and your credit profile. Credit is life and life is credit, understand it wisely.



Daniel

Rick Sarouk asked:


Credit Report Monitoring has become much more popular with the current mortgage crisis and the troubled economy. This comparison will benefit people who care about what goes in and out of their credit reports as it directly affects their ability to get favorable loans rates. But be aware … Many people do not understand what they get with this type of service … they get scores that are not true Fico scores and thus they are not as useful and could be misleading! Also notice that with any of the 3 credit bureau services you get only one score (if at all) but at least with Equifax 3 credit monitoring you get a true Fico score from all 3 bureaus. Only the true Fico score is used to underwrite your loan application.

Here’s our point … you need to monitor all three reports and all three scores to get the most accurate info – this will cost you $$$. So, as a compromise consider the Equifax 3 credit monitoring option … Also, you got to realize that it is one service per person so for your spouse you would need to purchase a second service.

Whichever monitoring service you select, remember … checking your credit report will NOT lower your score. Comparing reports quarterly is often enough to monitor your credit throughout a year and to catch the changes in your credit reports that may be affecting your Fico score.

 

Monitoring your credit can help you save thousands of dollars. It could also be your “first line of defense” against Identity Theft. If someone has stolen your identity, experts agree that one of the best ways to minimize the effects of ID theft is to discover the occurrence as soon as possible, so you can take steps to correct the situation.

Today, credit monitoring is easier than ever thanks to 3-Bureau Monitoring services that monitor all three credit bureaus, Experian, Equifax, and TransUnion. If key changes occur on any of your credit bureaus, monitoring services will send you an email alert to keep you constantly informed regarding changes on your report.

 

For more information on credit repair and credit monitoring go to 3 Credit Monitoring page.

 



Shannon

Lisa Nichols asked:


A credit monitoring program can help reduce the risk of identity theft. Credit monitoring provides people with a way to view their credit report quickly and easily. Regular credit report assessments can help decrease the chance of identity fraud. In addition to quickly accessing financial information online, a credit monitoring program also provides updates on certain credit report activities and some programs can even help customers improve their credit score.

As Identity Theft Concerns Grow, the Need for Credit Monitoring Increases

Year after year, identity theft-related crimes continue to rise. Some popular identity theft scams include mail theft (ingoing and outgoing), wireless “wardrivers” who intercept wireless networks and stealing children’s identities. As encrypted software and greater public awareness makes it more difficult for identity thieves to steal personal and financial information, the criminals continue to rise to the challenge, becoming more and more sophisticated in their identity fraud efforts.

How Credit Monitoring Programs Ease Worries about Identity Theft

The threat of identity theft is reduced with a solid credit monitoring program. Every program differs, and some offer only limited reporting and monitoring capabilities.

Experian Triple Advantage credit monitoring provides daily monitoring of Experian, TransUnion and Equifax credit reports. The program provides email updates alerting customers to any unusual activities on their credit report. If an Experian Triple Advantage customer becomes an identity theft victim, the program will also provide up to $50,000 for identity theft-related expenses.

Experian’s Credit Monitoring Service Provides More than “Just” Monitoring

In addition to reducing identity theft risks, Experian Triple Advantage provides unlimited updated Experian credit reports and credit scores to customers with a paid membership. They also provide helpful information and input on how to improve a credit score and a detailed explanation of what impacts credit scores. The information is specific to the customer and makes it easy to see what steps have to be taken to improve a credit score.

Take advantage of the Experian Triple Advantage credit monitoring program

by signing up for a free trial today.



Jesus