FreeCreditReport.com is owned and operated by Experian, one of the three major credit bureaus. As the name indicates, the company provides users with access to their Experian credit report at no cost. This bare-bones credit report, which is updated monthly, may be sufficient for some users. However, others would prefer a more comprehensive look at their credit.
- Owned by Experian
- Free services
- FICO scoring model
Owned by Experian
FreeCreditReport.com is owned and operated by Experian, which is one of the major credit bureaus and is a massive publicly-traded company. In general, Experian is a fairly reputable company.
FreeCreditReport.com really does provide customers with a copy of their Experian credit report at no cost. The company does not even require users to input a credit card in order to receive their report.
FICO Scoring Model
FreeCreditReport.com uses the FICO credit scoring model, which is the same model used by the vast majority of lenders. Customers can be confident that the credit score they receive is the same one being looked at by potential creditors.
One of the benefits of being backed by a large company is that it provides comprehensive security and shielding of client information. Because FreeCreditReport.com is certified by both McAfee and Entrust, users can rest assured that their information is as well-protected.
- Single-bureau reporting
- Undisclosed identity theft protection
- No mobile app
- Monthly refresh rate
Unfortunately, FreeCreditReport.com only provides credit reports from Experian, therefore leaving out the two other major bureaus (Equifax and TransUnion). This leaves a gap in coverage and may not provide customers with a completely accurate view of their comprehensive credit score.
Undisclosed Identity Theft Protection
It is unclear whether or not FreeCreditReport.com offers any identity theft protection features to shield its customers from fraud.
No Mobile App
It appears that FreeCreditReport.com does not provide a mobile app to allow its customers to view their credit information on the go using a smartphone or tablet.
Monthly Refresh Rate
FreeCreditReport.com only refreshes credit reports once per month. A lot can happen to an individual's credit in a month, so it's frustrating that customers will not be able to view an up-to-date version of their report at any time.
The Bottom Line
FreeCreditReport.com is owned by Experian and offers free Experian credit reports, FICO scores, and security features. However, the company does not provide a mobile app or Equifax or TransUnion reports. Additionally, FreeCreditReport.com only refreshes credit reports on a monthly basis.