FreeCreditReport.com is a website owned by Experian: one of the three major credit reporting agencies in the United States. Experian has its headquarters in Ireland and has offices throughout the world. Its headquarters in the United States are located in Costa Mesa, California. It employs over 17,000 people worldwide and had a net income in 2014 of $754 million. The credit reporting arm of Experian started in 1993. It's a BBB accredit business with an A+ rating.
FreeCreditReport.com provides full credit reporting and monitoring services. This includes unlimited access to Experian's credit report, a monthly snapshot of users' FICO score and daily credit monitoring of Experian's credit report. Users can also obtain up to $1 million in identity theft insurance, a score simulator, access to an online dispute tool, as well as business-specific credit reporting and monitoring tools through Experian.com.
Unlike other credit reporting companies that only provide their own proprietary credit scores, FreeCreditReport.com gives users access to their FICO credit score. Around 90 percent of lenders use FICO scores when determining the credit eligibility of borrowers.
FreeCreditReport.com offers two credit reporting products. One is free and only includes Experian's credit report. The other has an initial cost of $1 and offers access to Experian's credit report and FICO score. This is a 7-day trial for a monthly subscription to Experian Credit Tracker, which bills users monthly until the subscription is cancelled.
Whether they opt for just the credit report or register for Experian Credit Tracker, users must first confirm their identity before they can access credit scores and reports. This requires users to provide personal information, such as name, date of birth and Social Security Number.
Obtaining a credit report is free and doesn't require users to become members. The 7-day trial for Experian Credit Tracker costs $1 to start with and $21.95 a month, once the trial expires.
FreeCreditReport.com offers clients free access to a complete Experian credit report, not just a summary. For just $1 users can also obtain their Experian FICO score: the credit score most lenders use. People who decide to register for Experian Credit Tracker also receive daily monitoring and unlimited access to Experian's credit data. Experian is one of the three national credit reporting agencies and a worldwide credit and risk assessment specialist. It has been in business for over 22 years and has an A+ rating with the BBB.
However, FreeCreditReport.com does not include access to TransUnion or Equifax's credit reports and FICO scores, which doesn't give members a full picture of their credit profile. FreeCreditReport.com has also been known to use questionable marketing techniques. So it pays to check carefully the terms of any product you purchase. For instance, FreeCreditReport.com will advertise free or very low cost access to its credit report and score through a 7-day trial. The catch is that users are automatically enrolled in a monthly subscription. Many customers fail to read the small print on the trial and are unaware they are agreeing to a monthly subscription.