TrueCredit is a TransUnion credit report service. This service provides credit reports and scores from all three agencies and it monitors your VantageScore. VantageScore is a credit scoring system developed by TransUnion, Equifax and Experian in 2006 that uses a point system within a range of 501-990 and a letter grade rating. This credit score is valuable in helping you learn how potential lenders may view your credit risk.
In addition to their monthly credit monitoring service, you can also purchase a one-time credit score or a three-bureau report through TrueCredit. This credit report service offers a free seven-day trial to their credit monitoring service.
With this credit report service, you can obtain credit reports and scores from all three major credit reporting agencies: TransUnion, Equifax and Experian. New York residents can purchase a one-time 3-in-1 credit report and TransUnion score. TrueCredit also provides the opportunity to purchase credit scores from all three agencies for one low price. For a small extra fee, this service also offers a helpful debt analysis report with tips on how to improve your credit scores.
TrueCredit's credit monitoring service provides ID fraud watch, weekly credit alerts, credit report monitoring, and debt or score monitoring. TransUnion Interactive Inc. provides the credit monitoring service. As long as you are an active member, you can view your reports and scores online as often as you desire. TrueCredit does not provide FICO scores but it does provide your VantageScore, which is a score that utilizes information obtained from all three credit bureaus.
Unlike many services, TrueCredit offers sample credit reports online so you can discover exactly what type of information is included with their credit reports before you purchase. Each report shows information from all three agencies including their contact information should you need to dispute something on your report. You can also view what address is associated with your reports along with address changes. The credit report summary displays side-by-side what information each agency has for each credit line, such as the status of the loan, pay status, balance, credit limit and 12 months of payment history.
If you have questions about their credit monitoring service, you can contact TransUnion by telephone or email. They provide detailed information about how to dispute a discrepancy on your TransUnion report through their online dispute service. They also provide general information online through their Credit Learning Center and via their blog and newsletter.
They also provide a few additional services such as fraud resolution services, identity theft insurance and TransUnion security freezes. They provide $25,000 of identity theft insurance and they provide advice on what to do if you believe your identity has been compromised. The TransUnion security freeze is offered as an additional service and only locks down your TransUnion credit report. One-on-one dispute services are limited and they do not provide lost wallet assistance.
One challenge we experienced with TrueCredit was discovering exactly what the service provides. We had to dig though the fine print in the service agreement to determine what is included with the monitoring service. Their homepage is largely composed of a "free credit score" ad and fine print that only relates general information about credit reports. In our reviews, we gave preference to the services that clearly disclose what they provide with their services.
TrueCredit is suitable for those who desire three-report monitoring or the flexibility of just purchasing a one-time report without committing to a monthly subscription. However, if you need credit report freezing services, they only offer this service for TransUnion reports.
