Credit Labs Reviews – Credit Monitoring
Quick Review
Description: Finance
What We Liked:
you are securely protected from all forms of identity theft ,What We Disliked:
NoneKnowing your right as a consumer is the first step on knowing how to increase your credit score. This has the capacity to improve you purchasing power as a consumer. Thus, according to Credit labs review this has the potential benefit of decreasing your interest rates especially when you are applying for big ticket loans. Are you aware that there are some things on your credit score that can affect your report for 7 or 10 years down the road? It cannot be denied how low credit scores can have a great impact on almost everything there is to know about your financial life.
Credit bureaus kept reminding you that these bad marks on your score will not disappear but time and again it is proven that by knowing where your credit score stands. Do you want to waste your day by spending it on monitoring your credit or just leave this to the capable hands of somebody who knows its job and does it well? You have to live under a rock if you are somebody who is not concern about thieves feasting on your identity and using it for their purpose. Do not allow others from doing their worst avail of a reputable credit monitoring service like Credit Labs.
Credit Labs Reviews – Credit Monitoring
o you want to increase scores legally, Credit Labs can help you increase your credit scores by helping you monitor it using its system. Credit Labs Reviews shares how when you are aware about the status of your credit it would be easier to get a clear rough estimate of your three scores from not one but each of the three main Credit Bureaus namely TransUnion, Experian and Equifax. With just $1 you will be able to gain access to all of these three scores. With the facts and data gathered from all three of these Credit Bureaus you will be able to know where you clearly stand.
When you subscribed to CreditLabs services you will get your accurate and reliable credit score. Credit Labs review teaches you how to be proactive in how you monitor and track your credit records. Each month with creditlabs service you can track your score. This provides you the valuable insight on your credit score. What is credit labs? If you want to hear a simple explanation of what it is all about, it is a system that teaches you how to obtain your credit score and credit report so that you can make a wise decision on how to improve these scores. True that there are many products out there who make similar offers but as the saying says “the proof of the pudding is in the eating”.
How Does It Work?
How Does Credit Labs Work?
It is the job of the credit bureaus to give you one free credit report every year. They are required to furnish you this since January 1, 2004. However, they are not obliged to give you your credit score. True, they can give you this but will charge you around $15 for this. What is credit labs? Creditlabs service offers different features when you subscribed to each of their packages. For starters, Credit Report package offers you the report from one credit bureau every month. For Credit Report premium package you can get all 3 credit bureaus and for ID Theft Protection you will get this protection on all 3 credit bureaus.
Availing of credit reporting might not protect you from every kind of identity theft but, by having a glimpse of your reports you will feel empowered and avoid taking unnecessary risk as compared to walking blindly in the dark not knowing that you are actually causing damage instead of improving your scores. Simply put, knowledge gives power. By knowing your credit score you will be able to build your scores especially if it is under less than favorable status right now. Creditlabs service Credit Monitoring alerts you if there are changes on your credit report. This may include different sorts of data like loan information, inquiries, judgement, liens, new accounts and a lot more. You will get either single or all three credit bureaus reports on your financial health. You will also get the same thing with your identity monitoring package however, this time this will include any use of your details. These alerts you of movements especially those that you did not make. Some people can complain about somebody using their identity avoid this kind of situation with the efficient help of credit labs. You might not be aware of this yet but having access to your credit score will help you have access to the same information that banks and other financial institutions might have in assessing your credit worthiness. This is also the same standard use by lenders and employers as well. There was a time that such information is only available for these groups of organization and individuals with the purpose of having greater in-depth knowledge.
Score Tracker will supply you with precious insight into your credit score. You can use this tool to gain control over your financial health. You can make use of its intuitive graph to observe the changes in your score given enough time to help it recover. Since you are learning how to stand watch over your scores you will be able to know when it is time to stop a negative action and when to start with a positive action that will help increase your credit scores. You might not be aware of this fact but when you check your own score this will not hurt your credit.
Credit Labs Reviews
Pros
Credit labs review talks about the reasons why you need to monitor your credit scores. When you avail of Credit Labs identity restoration you are protected against identity theft. You are securely protected from all forms of identity theft. Yes, scammers are growing bolder every year and are trying out their best to steal your identity to use it for their nefarious deeds. You can avail of this company’s lost wallet feature. This feature will protect your credit card in case it gets lost or misplace and that somebody else gets it. They can never use your card to steal your funds or steal your identity to shop.
Cyber Defender feature gives you blow by blow providing real time detection and alert anything stolen from you. You will also get reimburse as much as $1 Million in case your identity is still stolen despite of the stringent measures use by this company to protect your credit scores. This service can trace your social security number if it has been use by other individuals. You will get notified just in case somebody else uses your social security number whether it is another person or somebody using an alias. This will include the addresses that this person is using when he or she uses your social security number.
Do you know that you have the capability to know if identity thieves are using your reports to perpetuate their crimes? This includes a glimpse into your court records. You will get alerts if a criminal act was committed using your name. You will be able to get even the information on which state or county it was use. You will have access to sex offender data so that you can make a decision where you need to send your kids to school into with the hope of protecting your child. You will also know if a sexual offender tries to use your name to register. You will also have access to non-credit loan monitoring like those that you see in payday loans or short term cash loans which covers just a period of 31 days or a months’ time. You will also know if somebody change your billing address to another address that is not yours.
It is not surprising to see a thriving industry to protect consumers like you from identity theft. Some consumers say that they can do what these organizations are doing without the need to pay for monthly services. However, if you are one of those busy individuals who lead hectic and busy lives you will not have time to unravel, read and figure out if your credit scores for a particular period is doing you good or not. You need to come prepared to ask questions your credit monitoring service regarding some specific questions. For starters, you need to ask them the limitation of the contract that you have with them. This must include the fine print.
Aside from the package fees and monthly fees are there other charges that you might be slapped with? If there will be legal fees does the monthly fees that you pay cover this or not? Some individuals focus on what they want to hear but, fail to observe the other factors that are at play with this credit monitoring service. Will they offer you personalize assistance or will they assign somebody like a specific person to handle this job for you or is this just provided in the updates when you logged in to their site? Before you finally take on their service you have to consider some things like for instance whether you want to be informed about flagged changes in your credit score. Do you want to be inform daily, weekly or monthly? The choice is actually yours if which one of this you prefer.
There is a need for this monitoring service because most lenders will take a certain period of time before they report your activities to the credit bureaus. There are some cases where you fear that your account has been compromise. In such cases you can actually ask for credit freeze on all three credit bureaus. This can be as much as 90 days. This means whenever you apply for new accounts or loans these businesses or companies must verify your identity first. If you believe that after the end of 90 days and that your account is still under such threat then you have the option to renew this credit freeze or have it automatically renewed. However, you might be required to pay for a certain amount of money to do so.
Are you aware that you are protected by the Federal Trade Commission’s Privacy and Identity consumer protection clause? So the final question is really under your hands. Do you want to monitor your credit on your own? This may be free but it will entail spending hours and hours just to keep up with the task at hand. On the other hand are you willing to spend a certain amount of money to pay for the package that you choose? Either decision that you need to make you need to get it done. Remember your primary goal here is to protect your credit scores.
Cons
There are other companies that uses almost the same name as creditlabs. What is credit labs and how is this different from other companies that almost has the same name as this company? This will only be beneficial to the original company if the record of the company with the same name is somebody who illicit a good response from consumers who avail of their service. However, what if it is not as great as a credit monitoring service as the original creditlabs? What happens then?
One of the things that makes this company stand out from other credit monitoring services is that there is no reports regarding complaints about this company. However, this might serve as a two edged sword since there are no known details coming from other sources except for those who given on the official website for this company. In other words you need to depend on the information found on the website alone and take it at face value. However, since there is no complaints this does not mean that this company is better than most. In fact some people might view this neither positive nor negative feature in favor or not towards this service.
Conclusion
Knowing your right as a consumer is the first step on knowing how to increase your credit score. This has the capacity to improve you purchasing power as a consumer. Thus, according to Credit labs review this has the potential benefit of decreasing your interest rates especially when you are applying for big ticket loans. Are you aware that there are some things on your credit score that can affect your report for 7 or 10 years down the road? It cannot be denied how low credit scores can have a great impact on almost everything there is to know about your financial life.
Credit bureaus kept reminding you that these bad marks on your score will not disappear but time and again it is proven that by knowing where your credit score stands. Do you want to waste your day by spending it on monitoring your credit or just leave this to the capable hands of somebody who knows its job and does it well? You have to live under a rock if you are somebody who is not concern about thieves feasting on your identity and using it for their purpose. Do not allow others from doing their worst avail of a reputable credit monitoring service like Credit Labs.
