Why do people waste money with the online credit reports

kirkbyinfurnesslad_2

tinkerbell28 wrote: »

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.

That's fair enough if you have money to waste

tinkerbell28

kirkbyinfurnesslad wrote: »

That's fair enough if you have money to waste

TBF, it's not a lot more, considering I'd check my file once a month anyway.

misschicken

If you've ever had your identity stolen you might not be so quick to dismiss credit reports, which also show any credit checks (applications for credit in other words, including cards, mobile phones, hp etc) made in your name. Experian sends an alert every time one is made. And before you think I've been dippy with my details, the Alliance and Leicester opened three on line accounts for some fraudster with only my name and address as identification - wrong date of birth, wrong length of time at address etc.

Other than the above reason and checking your credit score (not the same thing as a credit report) before applying for a mortgage I don't really see the point of people using them either.

tinkerbell28

misschicken wrote: »

If you've ever had your identity stolen you might not be so quick to dismiss credit reports, which also show any credit checks (applications for credit in other words, including cards, mobile phones, hp etc) made in your name. Experian sends an alert every time one is made. And before you think I've been dippy with my details, the Alliance and Leicester opened three on line accounts for some fraudster with only my name and address as identification - wrong date of birth, wrong length of time at address etc.

Other than the above reason and checking your credit score (not the same thing as a credit report) before applying for a mortgage I don't really see the point of people using them either.

This. Yonks ago I had ID theft from someone who used to live in my old house. God knows how. Again wrong DOB etc, etc. So now I watch it like a hawk. As it took an age to sort out.

StacFace

kirkbyinfurnesslad wrote: »

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

Noddle provides your credit report completely free of charge. I could just as easily ask you why you waste £2 each time you want to check something?

Hudson1984

I quite like using Experian, I see the fee as a payment for financial advice. Although I tend to not leave the contract running - I quite like having access for three months and then cancelling for six, that way any changes have had a chance to take effect I then go back, give them a ring and see what to do next in a manner of speaking.

yes I could get this cheaper other ways but it works for me and I feel is money well spent - surely that's what it's all about, personal value is different from person to person

UsetheFORCE

Hudson1984 wrote: »

I quite like using Experian, I see the fee as a payment for financial advice. Although I tend to not leave the contract running - I quite like having access for three months and then cancelling for six, that way any changes have had a chance to take effect I then go back, give them a ring and see what to do next in a manner of speaking.

yes I could get this cheaper other ways but it works for me and I feel is money well spent - surely that's what it's all about, personal value is different from person to person

If Experian is what you want, try https://www.privacyguard.co.uk, 30 day FREE trial then £6.99 per month.

You get all the data from Experian PLUS the worthless credit score and can have a new report each day.

MoneySaverLog

When you're sorting out your credit file it can be useful to have access to the data. Not worth paying for the score though.

Pity Experian will only let you subscribe at the top level with their useless score included. Better to just offer the data.

CherlokHomes

You'll find the Majority of people who check their credit reports on a weekly basis are those who are not doing it for identity checks nor are they looking if something's wrong.These type of people check if there's any change on their meaningless scoring.

You don't need to check your reports on a regular basis its just silly unless you're going to throw an application somewhere where this only needs to be done once.

Every £14.99 monthly subscriber are what I call score addiction members who most probably have shot to bits credit files but will continue to rely on CRAs scores.

kirkbyinfurnesslad_2

Innovate that is a very good point.

Experian feed this obsession and peoples desire to know their worthless credit score at 3.10am on a sunday morning!