It is really free, as long as you cancel within 30 days. I did this
recently. You have to call them to cancel, but the phone was answered
quickly and no hassles at all... no sales rep trying to convince me to
keep the service.
Equifax's service can be cancelled with an email to their customer
Listening to all the scare stories about identity fraud would make anyone
think it's a huge problem for everyone. However, its not really everyone's
problem - it's the banks problem and they want us to do their monitoring for
them. If they can't get their systems right and do proper identity checks
when people open accounts, then the majority of this so called identity
theft crime would be eliminated. During the last 3 years, I've opened 6
credit card accounts, as I've been hopping a balance transfer around on 0%
deals. In the whole three years, I've *never* been asked to verify my
identity by something as simple as a utility bill or another credit card
statement or bank statement. After I got my 3rd card, I rang to activate it
and asked them why I wasn't asked to send some proof of ID and the woman
said because I was on the electoral roll they didn't need it. What rubbish.
I could have set up myself as Joe Bloggs on the electoral roll and nobody
would be any the wiser.
"Jonathan Bryce" wrote
Not quite. Each individual credit account may only be updated once a month,
but the different accounts tend to get updated at different times during the
month. Hence, if you have (say) at least four or five different accounts,
then they may each be updated in a different week of the month.
So unless you have very few accounts, or they all happen to be updated at
the same time of each month (unlikely), then your credit file itself will be
updated more often than monthly.
I think I agree it's over hyped.
The recent "scare" stories are all about people being careless, not
shredding documents etc. I mean who disposes of bills and credit card
statements intact. Lots of people apparently. "Normal" people
apparently havn't got a clue about finance and often need telling
when to breathe.
My point is that £5.99 is not a rip off for the level of service
you're getting from them. Whether the level of service you are
getting is necessary is another matter. I think
you're right in saying it probably isn't.
To get the 2 back (or profit), use an affiliate link like LineMyPocket.
It is worth signing up to Credit Expert to have a quick check on your
profile if you have never done it before.
However, its not worth paying for it on a monthly basis. They also cost
more (4.99) if you wanted to know your credit score (not worth paying for).
Cancel once you are finished - usually you only need about an hour to look
through all the stuff and possibly more if you need to get your info