Why do people waste money with the online credit reports

kirkbyinfurnesslad_2

I dont understand why people waste money on monthly subscriptions for various credit reference agency when you can get the report anytime for £2.00 by post

It makes no sense......

You know what people say about fools and their money!!!

matttye

If you're about to make a major application it doesn't hurt to have constant access to make sure everything is in order.

Or in my case, I recently signed up for free trials with equifax and experian and found a long line of incorrect missed payment markers spanning back 18 months. Complained to the bank, got them removed and got compensation by way of apology. It was good to have access so I could actually see they had been removed.

kirkbyinfurnesslad_2

Free trials are one thing

They are free, so its a good thing,

If you make a mortgage app you dont need constant access, just a quick check before you apply and thats it

matttye

kirkbyinfurnesslad wrote: »

Free trials are one thing

They are free, so its a good thing,

If you make a mortgage app you dont need constant access, just a quick check before you apply and thats it

^^ unless there's a problem like the one I mentioned above

Brazuca

Each to his own dude! In some cases it's good to pay for their service!

kirkbyinfurnesslad_2

Brazuca wrote: »

Each to his own dude! In some cases it's good to pay for their service!

Why exactly is it good to pay for this service.....

Thrugelmir

kirkbyinfurnesslad wrote: »

I dont understand why people waste money on monthly subscriptions for various credit reference agency when you can get the report anytime for £2.00 by post

It makes no sense......

You know what people say about fools and their money!!!

Consumer credit reports are a by product of the loose lending made by financial institutions over a number of years. Given another decade the fad will pass.

tinkerbell28

I pay for mine. As I want to know everything is fine. There is no errors, negative information or ID fraud. As any adverse credit history would cause me a whole heap of poop. Peace of mind.

kirkbyinfurnesslad_2

Thrugelmir wrote: »

Consumer credit reports are a by product of the loose lending made by financial institutions over a number of years. Given another decade the fad will pass.

Good point. Having 24/7 access to your credit file is an unneeded obsession.....

kirkbyinfurnesslad_2

tinkerbell28 wrote: »

I pay for mine. As I want to know everything is fine. There is no errors, negative information or ID fraud. As any adverse credit history would cause me a whole heap of poop. Peace of mind.

So you waste money when a £2 report would do the same thing....

tinkerbell28

kirkbyinfurnesslad wrote: »

So you waste money when a £2 report would do the same thing....

Yes! As I am a bit OCD. I just want to be able to check as and when I feel like really with the click of a button.