PROS / The CreditScore.com credit-monitoring service watches for changes that affect your credit and sends emails or text alerts to keep you informed.
CONS / You get daily access only to your Experian credit report.
VERDICT / This service is useful if you are watching just your credit score and one credit report and are not that interested in more complete reports regarding your credit.
CreditScore.com is one of Experian's consumer websites, along with CreditReport.com and FreeCreditReport.com.
When you first sign up with CreditScore.com, you get a three-bureau credit report. However, after that, you get access only to credit-monitoring services that provide you with scores to your Experian credit report.
After the initial report, if you want follow-up information that includes TransUnion and Equifax as well as Experian, you must pay an extra fee for a three-bureau report.
One benefit of this service is that its alerts signal changes in your credit score for all three credit reporting bureaus – unlike CreditReport.com and FreeCreditReport.com, which offer only Experian-specific alerts.
In addition, you can get up to $50,000 of identity theft insurance coverage, although this may not be available in all states.
Any credit report you get from this company is calculated using an Experian PLUS score. Since this is not a model that lenders use frequently, your lender will likely calculate a different score from the one you receive through CreditScore.com.
However, this score still gives you an idea of your creditworthiness in the eyes of potential lenders. Ideally, it is best to go beyond simply getting an annual credit report from all three credit reporting bureaus and keep track of what is happening with each bureau on a more frequent basis.
Because creditors do not have to report information to Equifax, Experian and TransUnion, it is important to verify your information with each bureau to make sure no one is trying to commit fraud with your identity. To that end, it is typically best to get full reports with scores from all three bureaus.
If you discover that someone is trying to commit fraud, you can contact CreditScore.com for assistance on how to deal with the problem. If you need to dispute something, CreditScore.com offers assistance in challenging something you believe is incorrect. For an additional fee, you can also request Card Safe, a service that helps to protect you if someone steals your wallet or you lose it.
Through this service, you can keep track of new data as it appears on your credit reports through alerts that come to your email or through text messages.
After your initial three-bureau report, CreditScore.com provides access only to credit scores and your Experian credit report data. If that is the information you are seeking, then this is the company for you.