I received an email from GoFreeCredit.com last week, went to their website GoFreeCredit.com site. They are offering
free unlimited access to your credit report for 30 days. Along with automatic notifications of changes to your credit report, a detailed personal analysis, and details of who has reviewed your report in past.
There fine print declaration that when you order your free credit report from GoFreeCredit.com, you will automatically be enrolled in a 30 day free trial of credit monitoring. You will be billed $16.95 for each month that you continue your membership if you do not cancel your membership within the trial period.
So essentially you can apply for your free credit report and within the first month if you cancel you will not be charged even a single penny. Yes, there prices have gone up by $4 per month in last few months. A thing to watch out for definitely.
Why should you know your credit score?
I really don’t like much about credit score services. I am comfortable seeing simulated (fake) score through credit sesame or credit karma. Nevertheless, it’s great to know your real credit score when you’re trying for a new home or car. Getting your information in advance may give you an opportunity to correct any errors or resolve any negative bureau reporting.
GoFreeCredit is a company offering credit scores from each of the three bureaus (Equifax, Experian, and TransUnion). Each bureau uses its own slightly different calculation to determine your credit score, and each may still differ further from the FICO score, the credit score used by most lenders to determine your risk profile and your interest rates. Even though there are some differences, the more numbers you have, the better understanding you can get of how the financial industry sees you.
With GoFreeCredit, you can receive scores from all three credit bureaus – Equifax, Experian, and TransUnion when you enroll in Triple Score Complete program. This is a $19.95 per month service, but it’s free for 30 days. If you do not want to pay $19.95 and just want to know your current score and report, you must cancel before the 30 day trial period is over.
Even viewing your score an knowing what’s in there in your credit report is essentia and beneficial because of the following
- Lower your interest rates
- Get you instant loan approvals
- Reduce or eliminate required down payments
- Qualify to buy a house
- Qualify to buy a car
- Qualify to get a new credit card
Salient features of GoFreeCredit.com
- Free Equifax Credit Score
- Free 3-in-1 Credit Monitoring Trial with Equifax, Experian, and TransUnion
- Daily credit monitoring of your Equifax, Experian and TransUnion credit files and alerts to key changes
- Free 30-day Trial Membership
- $16.95 / per month Apply Now!
The Account creation process
When I created account, it did ask me for credit card for verification. Once you do that and answer a few past history question, they offered me a couple of extra services which I did not select. The page design is to trick a new customer in to accepting these new services which may not be free for 30 days, so, be watchful.
The credit card used for verification is charged if you do not cancel your membership within 30 days. I then went on creating my user id and password.
Once I was in he system, which didn’t take much time, there were three bureau credit scores and reports that were displayed. I did spend a lot of time looking at the report as I was looking it after a few months. Thankfully my score didn’t come down since i checked last and the report didn’t have a negative incident.
To cancel your credit monitoring service, login to your account. Go to “My Account” page and then search for “cancel membership”. If may call their representative to cancel your account. You may not want to do that and continue receiving score updates.
Don’t just read your report, if any disputed information is found which you believe to be false, you have every right to file a claim, as per FCRA (Fair Credit Reporting Act) law. Contact the credit reporting company(one of the three bureaus) and the information provider like loan or card provider, apartment association, etc.
We give GoFreeCredit.com a “apply” rating but, once you know your score you may cancel your membership.
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