TrueCredit Credit Monitoring
TrueCredit’s credit monitoring program has been awarded the Best of the Web for credit monitoring by Online Banking Report. Users can choose to monitor their TransUnion credit for $11.95 per month, or monitor all three credit reports and scores for $14.95. Both programs offer unlimited access to one’s credit reports, 24-hour score monitoring, email and phone alerts, and protection from identity theft.
To help users get more out of their credit reports, True Credit offers credit analysis and informational tools. Users can avail of email and phone alerts to critical changes in their credit reports, which can be a sign of identity theft. It also helps them monitor daily changes in their credit scores, so they’ll know which actions are causing negative points. The online guide comes with easy-to-read and color-coded graphics, so even first-time credit holders can understand their credit standings at a glance.
TrueCredit Lock is a popular security feature that allows users to block or limit access to their credit reports. This ensures that only authorized persons can view one’s credit file, reducing the risk of identity theft and fraud. It also prevents unnecessary inquiries, which can have a significant impact on credit scores. The feature comes free with the credit monitoring program and can be locked or unlocked any time.
One of the program’s best features is the ID Theft Insurance, which basically reimburses identity theft victims for up to $25,000. Expenses covered include lost wages ($1,000 per week for up to 5 weeks), defense costs, re-filing for loans, phone and postage charges, and reimbursement of miscellaneous fees. The insurance is underwritten by the American International Group (AIG) Identity Theft and Fraud Division. Because of state laws and restrictions, the insurance is not offered to New York residents.