EasyBadCreditRepair.com

TrueCredit is a service provider connected to TransUnion but it monitors the credit solution for the three major credit bureaus: Experian, Equifax and TransUnion. An advantage of using TrueCredit’s services is when you request for a copy of your credit report this does not have any negative effect on your credit score.  Another advantage is that you can request for an updated copy of your Equifax and Experian credit reports every 30 days as oppose to the usual free credit reports. You can also update your TransUnion credit report and credit score once a day. TrueCredit is valuable to people who need a little work on their credit scores.
TrueCredit has new features to help consumers in monitoring their credit report:

• Instant message updates
• Insurance scores
• Mortgage Simulator
• Change checker
• Chat live with virtual agent
• Offers customer support through toll free number
• $25,000 ID theft insurance

The insurance score monitoring allows you to see the basis of the rates that you need to pay insurance companies with. The change checker takes a quick snap shot of your current activity on your credit report. Within 24 hours you will be send an email for any key changes in your credit report. TrueCredit only offers monitoring of credit reports but it does not offer any solutions if there is anything wrong with your credit score or report.

You will be surprise what you can dig in such as having incorrect information on all three credit bureaus. You can easily challenge any errors that you may have like incorrect past addressed or old collection accounts that have already been paid. TrueCredit charges $15 for its services may save you time, money and effort.  This is good savings since if you place a request for your credit report with the credit bureau you need to pay them $50. TrueCredit allows you to freeze and unfreeze your credit report if you find any suspicious activity so identity thieves beware! Knowing your credit score will save you from making several bad decisions such as when good credit card offers abound and you decide to apply for each one of them to see offers the best deal and later you find out that your credit score has been affected because of your numerous applications.

TrueCredit allows you to make your car loan and purchase at the right time when you got a good credit score. You can receive a better car deal with higher interest rates. TrueCredit is offering a 7 day free trial that will allow you to try their service and see your credit report and score for no charge.

The three major credit bureaus maintain records of all of the citizens’ financial payment history. These credit bureaus determine your credit score by using FICO (Fair Isaac Corporation) scoring systems. These credit reporting bureau sells the information that they collect (consumer report) to creditors so that these creditors can be guided on whether they can offer you credit or not. The Fair Credit Reporting Act (FCRA) regulates the activities of the three credit bureaus.

These three major credit bureaus collect the information independently so your credit reports may be different from one credit bureau to another.  Lenders do often request reports from each of these agencies so that they can get your complete financial profile. You can file for a True Credit 3-in-1 Credit Report which allows you to see the all the three credit reports from these respective bureaus. What you see from this report is your creditworthiness which is the same thing that your potential lender sees.

You have no cause for worry if you have a good credit report. You may be able to obtain credits to purchase goods and services, apply for a home mortgage loan, and apply for insurance and employment. However, the same information from these credit bureaus may be used against you. Check your credit reports annually so that you will know what personal information was given to your creditors.

Hard inquiry is when the lender makes an inquiry to one or the three major credit bureaus regarding all the information of your credit history. The information that the lender gets will influence his decision if they will lend you or not. Soft inquiry is when you do your own inquiry regarding your own credit history. If there are many hard inquiries done on your behalf this negatively affects your credit score so apply for a credit loan in moderation.

The contact details of these three major credit bureaus are:

1. Equifax: 800-685-1111 (general) or 800-525-6285 (fraud); P.O. Box 740241, Atlanta, GA 30374; www.equifax.com
2. Experian: 888-397-3742 (general and fraud); PO Box 2002, Allen, TX 75013, www.experian.com.
3. TransUnion: 800-888-4213 (general) or 800-680-7289 (fraud); P.O. Box 2000, Chester, PA 19022; www.transunion.com

Let us discuss about each of these three credit bureaus:

• Equifax is the oldest credit bureau in the United States, they started 1899. They manage the credit histories of individual consumers and businesses. Equifax offers security freeze on reports which prevents inquiries from being made for a certain period of time.
• Experian began credit reporting in the United States in 1996. They collect data from lenders, telecommunications and motor vehicle departments. Experian also offers fraud protection services and they operate in more than 65 countries worldwide.
• TransUnion began in 1968 but started as parent company for a rail car leasing operation. They only begun credit reporting services in 1969 when they purchase Credit Bureau of Cook County. They begun full coverage of the United States in 1988. TransUnion acquired TrueCredit.com in 2002 which offers report monitoring, fraud and identity theft services directly to consumers. TransUnion operates in 24 countries aside from the United States.

TrueCredit is a credit monitoring service offered online by TransUnion. For $14.95 of monthly payments you will receive all of the three credit reports containing your credit scores plus credit monitoring as well.  TrueCredit will alert you when there are changes in your credit report be it positive and negative so that it can be easier for you to remedy a situation just in case you need to repair your credit or you are planning to file for any type of loan. TrueCredit offers a 7 day free trial when you sign up.

As a TrueCredit subscriber you can avail of the articles and tools that come with your service so that you can manage your credit better. Before you apply for any loan preparing your credit rating is important and crucial to help you negotiate on a better deal and lower interest rates. TrueCredit assist you to all of this and will also help you file a dispute against a credit bureau that has made a wrong tally of your credit score.

Your credit score can affect your ability to get a mortgage, insurance, house loan and a job. It is always wise to stay on top of keeping your credit score and report in a healthy state. People are taking an active stance on taking charge of their finances with the help of services like TrueCredit.  Some companies may struck a seemingly good deal with you to monitor your credit reports and score and yet amidst all that they do not stand and deliver but rather sneak in an overpriced recurring charges for monitoring. TrueCredit is different from them since this company provides transparent service.

In their website TrueCredit states what services you will get if you avail of their offer:

• Unlimited access to your credit reports and credit scores fast and secure
• 24 hour notification of changes in your credit report
• $25,000 ID theft insurance at no added cost
• TransUnion, Experian, Equifax monitoring
• Free trial period

You can choose to do self monitoring of your credit reports and scores but you ran a great risk because something might be happening in the next few months’ without you knowing what it is until it cost you your finances. If you have the help of TrueCredit monitoring you will be able to have the advantage of being warned in advance so that you can look for measures to repair any damage on your credit history. TrueCredit was reviewed and was found to be a leader in the field of accurate credit reporting since they immediately send notifications via email aside from the easy account set up. TrueCredit’s history shows that it is a company that is dedicated towards improving their service.

Experian began by the merging of two companies who are both leaders in their respective fields: former TRW Information Systems & Services and the CCN Group in 1996 by GUS plc. TRW is an American corporation who specializes mainly in aerospace, automotive and credit reporting. TRW is a pioneer in the field of electronic components, integrated circuits, computers, software and systems engineering.  TRW has built several spacecrafts such as Pioneer 1, Pioneer 10 and several space based observatories as well.

CCN was Europe’s leading information services company and was formed by GUS (Great Universal Stores) plc in the United Kingdom. CCN has grown from the need to provide credit checking facilities and marketing information to GUS plc retail businesses.
GUS plc is one of the leading retailers and suppliers of business services in the United Kingdom. In 1996, CCN was not only the leading credit bureau in the United Kingdom but has also expanded worldwide with the international office network development; principally selling and implementing analytical products.

The new combined group, Experian could support multinational clients across all the major credit markets. Experian began credit reporting in the United States in 1996. They collect data from lenders, telecommunications and motor vehicle departments. During the next ten years after its establishment Experian has proven its global competitiveness for broadening its product range providing valuable information and analytical skills to new industry sectors. Experian has expanded its market to important countries of the world like Asia Pacific, East Europe and Latin America.
In 2002, Experian acquired ConsumerInfo.com which is the interactive business arm of Experian. Because of ConsumerInfo.com Experian become establish as the market leader in supplying credit reports to consumers thus reducing identity theft risk. In 2003, Experian acquired Scorex, a decision analytics company strengthening the company’s global leadership.

By the year 2004, Experian acquired two companies that specialize in digital marketing: QAS, who specializes in address management software and CheetahMail, email marketing company who are both leaders in their field of expertise.

In October 11, 2006, Experian, through its parent GUS’ decision and assessment was launched as an independent company. The reason for this is so that shareholders can be given an opportunity to directly invest in the future growth of Experian. Since the time of its launch as an independent company Experian has successfully expand geographically. In 2007, Experian acquired Serasa, the world’s fourth largest credit bureau and the largest in Brazil. This helped Experian command a big slice in the world’s fastest growing markets.

Today Experian continues to lead the global information services by providing data and analytical tools to clients in more than 90 countries in the world. Experian supports client in every major industry such as in the field of telecommunications, healthcare, government and automotive. Experian also offers fraud protection services.