Experian offers some of the best online tools you'll find in a credit reporting company, along with an excellent array of educational resources. They give you access to business-specific resources and all major credit reports, though they don't provide all the scores are used by lenders.
Superior online tools
Experian offers several valuable tools that make viewing and monitoring your credit information simple and easy. You can view your Experian credit report in addition to reports from the other two major credit bureaus. There is also an online dispute tool available so you can quickly fix any errors you notice in your credit report. Another useful feature is the score estimator tool, which enables you to see how certain financial decisions will affect your Experian credit score. If you believe you’ve been the victim of identity fraud, you can place a security freeze on your credit reports, preventing creditors from giving out your information without your consent.
Access to all types of credit reports
Through Experian, you can access all three bureau credit reports for a single, flat rate. Plus, once per year, you can view your Experian credit report at no cost through the site annualcreditreport.com, which was set up by the three major credit bureaus in response to the Fair and Accurate Credit Transactions (FACT) Act. You can also purchase your Experian credit report and score separately if you aren’t interested in your Equifax and TransUnion reports.
Offers business-specific services
Experian is one of the very few companies in the industry that offers business-specific credit reports and credit monitoring. The only other companies that offer these services are Equifax and TransUnion. In addition to viewing your Experian credit score, you also get access to scores and reports from the other major credit agencies. Just as with the credit monitoring for personal use, you can dispute errors in your Experian credit report quickly and easily. They also offer marketing tools to assist you in finding more qualified leads and tools to help you manage your customer portfolio.
Exemplary learning materials
Experian’s Credit Education knowledge base is a great place to start if you’re interested in learning more about your credit scores and reports. You’ll find articles about the different factors affecting your credit score and overall creditworthiness, as well as information about preventing identity fraud. Experian also has a blog dedicated to credit-related topics, which you can subscribe to for ongoing content. Video tutorials are another option to get you up to speed on how the credit reporting process works, with topics including how to file a dispute and establish good credit.
No access to FICO score
While Experian does well in offering Equifax, TransUnion, and even VantageScores, along with its own Experian credit score, one major omission from their offerings is FICO scores. These scores are extremely important because they are what lenders most often use to determine creditworthiness. Although the VantageScore serves a similar function, it is less widely used. Experian is not the only company that doesn’t offer a FICO score, but since this is a very important feature for some, it would be a great addition.
Questionable marketing practices
Experian owns several credit score websites, including FreeCreditReport.com and FreeCreditScore.com, among others. Through these websites, you can access your Experian credit report without paying. The catch, however, is doing so enrolls you in a seven-day trial membership to the site which you must cancel within the first week; otherwise, you’ll be charged $14.99 to $19.99 per month. While the Experian credit score and report are essentially free as long as you cancel the account, the advertising techniques are certainly questionable to some.
- Automatically Enrolled in Credit Monitoring: Yes
- Available Reports: Experian, Equifax, TransUnion
- Available Scores: Experian, Equifax, TransUnion, Vantage
- Length of Free Trial Period: 7 days
- Monthly Monitoring Fee After Free Trial: $19.95
- One-Time Credit Report Price: $1
- One-Time Credit Score Price: $1
3 Bureau Credit Report and Scores
- Price: $39.95
Experian Credit Report and Score
- Price: $14.95
Experian Credit Check Basic
- Price: $10.00
Experian Identity Theft Protection
Experian Credit Tracker
- $4.95 for first month
All of the Experian packages include an Experian credit report and credit dispute support. The 3 Bureau Credit Report and Scores package includes credit reports and scores from all three bureaus. The Experian Credit Report and Score only includes a credit report and credit score from Experian. The Experian Credit Check Basic includes only an Experian credit report. Experian Identity Theft Protection includes an Experian credit report and score, daily credit monitoring, fraud resolution support, and daily Internet ID scanning. The Experian Credit Tracker includes everything that the Experian Identity Theft Protection package does, with the exception of not having daily Internet ID scanning. You can try the Experian Credit Tracker for seven days for just $1.